The purpose of this paper is to measure whether the investor operating on the Casablanca Stock Exchange displays a behavior of overconfidence, and to examine, under this hypothesis, the role of overconfidence in the explanation of fluctuations in the value of the MASI benchmark index over a 16-year period from 2002 to 2017. Using the econometric techniques in terms of causality and conditional volatility modeling, the results of this research show the presence of the overconfidence behavior and the positive effect of the latter on the conditional volatility of the monthly return of the MASI index.
For some years now, Moroccan industrial companies have begun to integrate the environment into their management and to set up an environmental management system, in compliance with international standards, in order to meet the requirements of stakeholders. The fact remains that this management tool has enabled companies to control the impact of their activity on the environment by promoting manufacturing excellence. On a sample of twenty-two large industrial companies with a response rate of 55%, we conducted a quantitative and qualitative study, which allowed us to show the importance of EMS iso 14001 on the performance and competitiveness of the Moroccan industrial company.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.