ARTICLE 1

Organizational change at Ford Motor Company in the face of international financial crisis

Résumé :

This paper discusses the organizational changes implemented at Ford Motor Company in the face of the financial crisis which allowed the company to move from a multibillion dollar loss in 2006 to five consecutive years of annual profits from 2007 to 2012. The organizational changes at Ford have been attributed to the leadership of Alan Mulally, who was the Chief Executive Officer of Ford. This article discusses the change management strategies that Mr. Mulally implemented to modify the corporate culture and operating procedures at Ford and to bring about organizational success.

par Charles Richard Baker
Professor
Adelphi University, School of Business
(USA)

ARTICLE 2

Governance risk, liquidity and stock performance: empirical evidence after global financial crises

Résumé :

The financial crisis gives rise to the risk of tunneling by the firm’s controlling shareholders or management. The latter is observable in part on the management of corporate governance risk and the other on the impact of liquidity on the stock performance of NASDAQ firms after the financial crisis of 2007. We show the failing of board structure and audit to manage risk and to enhance stock performance. The governance provisions recently mandated by the U.S. stock exchanges as shareholder Rights and compensation are significantly linked to stock performance. However, we find an insignificant relation between liquidity and stock performance. Liquidity increased the ability of the controlling shareholder to expropriate other investors.

par Hanene Ezzine
Assistant Professor of Finance ESC University of Sfax
(Tunisia)
Bernard Olivero Professor of Finance
IAE of Nice Sophia Antipolis University (France)

ARTICLE 3

The role of accounting in economic development: case of IFRS adoption in Western Africa

Résumé :

The adoption of accounting standards IFRS represents a major economic challenge for West African region. International recognition, development of private sector, comparability of accounting information are among the reasons that justify the use of international standards by companies. However, these latter encounter difficulties in the setting of IFRS, due to countries’ culture? fast pace of change and significant divergences between SYSCOHADA and IFRS. The success of such transition is conditioned by several factors, such as reliable communication system, training and the reduction of informal sector.

par Joëlle Randriamiarana Enseignant-Chercheur
Laboratoire CRCGM Groupe ESC Clermont (France)

ARTICLE 4

A new overall approach to psychosocial risk prevention and well-being development

Résumé :

This study seeks to define a new approach to addressing psychosocial risks and to developing well-being at work. Using a research-intervention methodology, this study presents a new three-fold model: 1) understanding the relationship between work and health; 2) presenting organisational and individual programmes for psychosocial risk prevention and well-being development; and 3) implementing the change process. Using data from a French building company, this study presents the steps of a healthy change process.

par Hazem Ben Aissa Maître de Conférences RITM Research Center University of Paris-Sud (France)