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Saint-Remy-de-Provence, France

Moores T.T.,France Business School
Decision Support Systems | Year: 2012

We develop and test an integrated model of IT acceptance that revisits the technology acceptance model (TAM) and compares the role of attitude, use, and compatibility as measures of IT acceptance. A pair of second-order constructs define perceived usefulness in terms of information quality (accuracy, content, format, and timeliness), while perceived ease of use is defined in terms of factors that enable the user to make use of the system (specifically, computing support and user efficacy). Using PLS, we apply the model to the adoption of a clinical management system for hospital workers and find strong support. By assessing levels of user experience we find enabling factors drive a users' initial understanding of the system, while more experienced users focus on usefulness and compatibility. Theoretical and practical contributions are discussed. © 2012 Elsevier B.V. All rights reserved. Source

Tokic D.,France Business School
Energy Policy | Year: 2010

We argue that "the 2008 Oil Bubble" was directly and indirectly created by the Federal Reserve in response to deflationary risks that resurfaced after the housing bubble burst and the resulting credit crisis of 2008. Deflationary risks first appeared after the dot.com bubble burst in 2000 and after the terrorist attacks on September 11, 2001. Manipulation of the US dollar value has been one of the key emergency tools in the Fed's arsenal. During the entire period from 2000 to 2008, the US dollar has been falling, while the price of crude oil has been rising, with the culmination in July 2008. If other global central banks embrace the Fed's anti-deflationary strategies, the consequences could be dire for the global economy, potentially resulting in an ultimate gold bubble. © 2010 Elsevier Ltd. All rights reserved. Source

Donada C.,France Business School
International Journal of Automotive Technology and Management | Year: 2013

The second century of the automotive industry is bringing new opportunities that are paving the way for the revival of electric vehicles (EVs) and the development of electric mobility. However, this raises the question of whether traditional automakers are up to the challenge of adapting to the changing market. In this paper, the author assumes that incumbents are not up to the challenge if they continue to protect the industrial paradigm they established 100 years ago, and to implement their strategy merely by following the recommendations of conventional strategic frameworks. The author also examines how two complementary approaches to strategic marketing - the market orientation approach (MOA) and the value innovation approach (VIA) - can be implemented to construct the base of a new paradigm for automakers. Source

Tokic D.,France Business School
Energy Policy | Year: 2011

This article examines how the interaction of different participants in the crude oil futures markets affects the crude oil price efficiency. Normally, the commercial market participants, such as oil producers and oil consumers, act as arbitrageurs and ensure that the price of crude oil remains within the fundamental value range. However, institutional investors that invest in crude oil to diversify their portfolios and/or hedge inflation can destabilize the interaction among commercial participants and liquidity-providing speculators. We argue that institutional investors can impose limits to arbitrage, particularly during the financial crisis when the investment demand for commodities is particularly strong. In support, we show that commercials hedgers had significantly reduced their short positions leading to the 2008 oil bubble-they were potentially aggressively offsetting their short hedges. As a result, by essentially engaging in a positive feedback trading, commercial hedgers at least contributed to 'the 2008 oil bubble'. These findings have been mainly overlooked by the existing research. © 2011 Elsevier Ltd. Source

Tokic D.,France Business School
Ecological Economics | Year: 2012

We respond to the call for future research on degrowth and specifically analyze the implications of economic degrowth on the monetary and financial system. We argue that any early indications of degrowth would cause the stock market to crash, which would trigger further deleveraging (contagion) and a deflation. As a result, the economy would implode, which would eventually allow for a new rapid growth cycle, given the likely extraordinary fiscal and monetary policy response during the implosion. Thus, in our view, degrowth as an explicit strategy option is economically unsustainable and unfeasible. As a limitation, our analysis centers on the examples of unplanned crisis leading to an economic implosion, which imperfectly represent the idea of planned/voluntary degrowth. © 2012 Elsevier B.V. Source

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