Photo Bénédicte Coestier

BÉNÉDICTE COESTIER

MAÎTRE DE CONFÉRENCES AVEC HDR

Research interests

  • arrow_right Incertain et information
  • arrow_right Analyse économique du droit
  • arrow_right Economie internationale et concurrence imparfaite
  • arrow_right Institutions et développement économique

Research group

    Transitions, Environnement, Énergie, Institutions, Territoires

HAL open science

Contact

2024-32

Environmental and climate mandatory disclosure : a paper tiger ? Evidence from France

Mathieu Bernard, Bénédicte Coestier, Fabienne Llense, Maxime Lucet

SHOW DOWNLOAD
Abstract
During the 2010s, mandatory disclosure of extra-financial information in France has been encouraged by five major laws passed to reinforce corporate social, environmental and climate responsibility of systemic actors, key to the transition process to a low-carbon, circular and sustainable economy. Whether these laws are paper tigers is of the utmost importance in understanding, notably, how firms disclose when
disclosure is mandatory. Considering laws as linguistic formulations and their meanings, we provide a qualitative analysis of Universal Reporting Documents of some of the largest publicly traded French companies (CAC40). We demonstrate that this intense regulation period has fostered a common language, instilling an environmental and climate reporting culture. In addition, based on a variety of accountability profiles - responsiveness-oriented, controllabillity-oriented, and out-of-step firms -, we highlight diverse dynamics as to the appropriation of the successive laws, along with private and institutional standards.
Mot(s) clé(s)
Mandatory disclosure, Accountability, Textual analysis, Environment, Climate, Law analysis
2015-8

Jordan and the Middle-Income Growth Trap: Arab Springs and Institutional Changes

Bénédicte Coestier

SHOW DOWNLOAD
Abstract
Although Jordan reached middle-income status more than three decades ago, the country has not made the additional leap, like most developing countries in the Middle East, to become a high-income economy. In this paper, we argue that institutions, namely formal rules (constitution, judiciary, political system) as well as “personality-based” informal rules (tribalism, wasta) might explain the middle-income growth trap. More precisely, we highlight that informal institutions, as well as the distorted use of formal institutions, are a by-product of the process of state formation. They play a part in the preservation of personal/anonymous relationships between the state and society and in the persistence of the rentier system. Jordanian Spring events reveal that a demand for reforming the power structure prevails over the overthrow of the Monarchy. Finally, to assess the undergoing transition process in Jordan, we resort to the social orders conceptual framework (North et al. (2009, 2012)) with an emphasis on impersonality (Wallis (2011)). The “Arab Springs” events have put pressure on the power structure to advance the rule of law (impersonal relationships among elites), and on the Monarchy in Jordan to create a “perpetual” state.
Mot(s) clé(s)
Economic development, middle-income growth trap, rentier system, institutions, rule of law, tribalism, wasta, Arab springs.
load Please wait ...