A. Haffar, É. Le Fur, Nour El-Islam Djedaa, Samer Mehibel
{"title":"Options trading strategies for the price coverage of the algerian oil barrel sahara blend","authors":"A. Haffar, É. Le Fur, Nour El-Islam Djedaa, Samer Mehibel","doi":"10.4314/cread.v39i2.8","DOIUrl":"https://doi.org/10.4314/cread.v39i2.8","url":null,"abstract":"This paper focuses on the problem of hedging the risk of financial loss generated by the fall in the price of the Algerian oil barrel Sahara Blend, with the aim of proposing an approach allowing the reduction of financial losses, following unfavorable movements in oil prices. After a reminder on the strategic importance of the energy sector for the Algerian economy, we will evaluate the derivative products using different models. We present some option hedging strategies. Our results indicate that the use of options would effectively cushion a possible drop in the price of Sahara Blend, provided that the choice of the option exchange strategy is optimal. The study covers the period from 12/31/2019 to 06/30/2021, and the data is available on the websites www.oilprice.com and www.fred.stlouisfed.org. Finally, the results indicate that taking into account the cost of hedging and gains at maturity, bear spread and traddle strategies remain the most optimal.","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133088063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
H. Assas, Farid Flici, Ghania Saidi, Yasmine Hannani
{"title":"Construction of experience life-tables for the algerian survivor pension beneficiaries","authors":"H. Assas, Farid Flici, Ghania Saidi, Yasmine Hannani","doi":"10.4314/cread.v39i2.12","DOIUrl":"https://doi.org/10.4314/cread.v39i2.12","url":null,"abstract":"The objective of this paper is to construct periodic life tables based on the mortality experience of the Algerian survivor pension beneficiaries. Usually, the mortality of retirees is lower than that of the global population, essentially due to better living conditions and access to health care. Also, we aim to verify if mortality is different between the categories of survivor pensioners and to adapt the actuarial life tables accordingly, which may result in actuarial valuations more adapted to the risk function of each subpopulation. To this end, we compare three parametric models i.e., the Gompertz model, the Kannisto model, and the Heligman & Pollard model. Results show a significant difference between the life expectancy of the survivor pension beneficiaries and that of the direct retirees and between the categories of survivor pensioners.","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114157999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Déterminants de la performance à l’export des pme algériennes : dirigeant, entreprise et conditions dans le pays d’origine","authors":"Mohamed Kadi, Foued Cheriet","doi":"10.4314/cread.v39i2.5","DOIUrl":"https://doi.org/10.4314/cread.v39i2.5","url":null,"abstract":"Ce travail a pour objectif d’analyser les déterminants de la performance à l’export des PME en intégrant les caractéristiques du dirigeant, de l’entreprise et de l’environnement externe, comme les éléments du contexte du pays de départ et les stimuli à l’export. En nous basant sur des données recueillies auprès de 53 PME exportatrices algériennes, et à travers un modèle d’équations structurelles, nous avons testé les effets de trois groupes de facteurs (profil du dirigeant, caractéristiques internes de l’entreprise, caractéristiques de l’environnement externe) sur deux types de mesures de la performance (objective et subjective). Nos résultats montrent l’importance des facteurs liés au profil du dirigeant et confortent une conception multidimensionnelle de la performance à l’export.","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122108389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"impact of business ethics on the achievement of sustainable competitive advantage at the port enterprises in the algerian east","authors":"Sabri Mkimah, Imane Ramdhan","doi":"10.4314/cread.v39i2.14","DOIUrl":"https://doi.org/10.4314/cread.v39i2.14","url":null,"abstract":"This study aims to identify the impact of business ethics on the achievement of sustainable competitive advantage at the port enterprises in the Algerian East. To achieve the objectives of the study and test its hypotheses, a questionnaire was distributed to a simple random sample of 356 employees. \u0000The results indicated that there is Business ethics towards both workers and the environment is the most influential in the sustainable competitive advantage of port enterprises. The study recommended the need to pay more attention to ethical aspects by following the mechanisms of establishing them and working to establish them within the culture of the enterprises.","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"92 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129061457","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"déterminants du désir de migration chez les jeunes maghrébins : Algérie, Maroc et Tunisie","authors":"M. Omrane, Meriem Ahmed Serir","doi":"10.4314/cread.v39i2.3","DOIUrl":"https://doi.org/10.4314/cread.v39i2.3","url":null,"abstract":"En prenant en compte le contexte international et régional de la migration, ce travail tente de répondre à une question simple : quels sont les principaux déterminants du désir de migration chez les jeunes dans trois pays du Maghreb : Algérie, Maroc et Tunisie. L’analyse est fondée sur l’exploitation des données quantitatives et qualitatives issues d’un projet de recherche qui a été réalisé dans la région MENA (Moyen-Orient et Afrique du Nord). Les logiques aux niveaux individuel et collectif seront examinées à l’aune des éléments qui caractérisent le contexte socio-économique et politique de la région et de ses liens avec les pays de destination. Au-delà du désir de migration, ce travail se propose d’éclairer la migration illégale, un phénomène commun aux trois pays du Maghreb.","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"138 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133673355","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Veille stratégique et capacité d’absorption: enjeux et mécanismes","authors":"Meryem Amghar, Amal Hessaine","doi":"10.4314/cread.v39i2.4","DOIUrl":"https://doi.org/10.4314/cread.v39i2.4","url":null,"abstract":"Aujourd’hui, la surcharge informationnelle se fait de plus en plus ressentir. Nous sommes chaque jour un peu plus inondés par la masse informationnelle, ce qui rend la tâche de la prise de décision encore plus difficile dans les organisations. Cet article vise à comprendre comment la capacité d’absorption peut contribuer à gérer la surabondance des informations issues de la veille stratégique. L’objectif est de déterminer et d’analyser la relation entre la veille stratégique et la capacité d’absorption pour gérer la surcharge d’informations, et de contribuer aussi à enrichir les connaissances sur le sujet. Ce travail fut mené auprès de six centres de recherche, dont trois centres canadiens et trois autres algériens. Une étude qualitative a été privilégiée pour comprendre les différents points de vue des répondants. Nos résultats révèlent que, la veille stratégique peut générer une surcharge d’informations, et que la capacité d’absorption des employés a une influence sur cette surabondance. Néanmoins, l’utilisation de la capacité d’absorption comme entonnoir pour filtrer les informations pertinentes ne peut être suffisant.","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114262254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Measuring the impact of strategic planning on organizational performance using the PLS approach","authors":"Naoual Oumakhlouf, H. Kherbachi","doi":"10.4314/cread.v39i2.7","DOIUrl":"https://doi.org/10.4314/cread.v39i2.7","url":null,"abstract":"The purpose of this paper is to contribute to the debate on the impact of strategic planning on organizational performance of the companies by presenting a theoretical model that highlights this relationship. We conducted a survey of 46 industrial companies from different sectors to assess this impact. The results of structural equation modeling using the PLS approach show that a few dimensions of strategic planning positively affect only a certain number of financial and non-financial indicators of organizational performance.","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114204365","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Perceptions of the sustainable entrepreneurial intention of university students as picture for economic integration","authors":"Mouhamed Fouzi Boudia, Faouzia Hagain","doi":"10.4314/cread.v39i2.9","DOIUrl":"https://doi.org/10.4314/cread.v39i2.9","url":null,"abstract":"The domain of sustainable entrepreneurship has recently received great interest by many researchers, and this is due to the role it plays in sustainable economic development. Algeria has adopted a series of policies and programs to promote sustainable enterprises. Its success is linked to the awareness of emerging and potential entrepreneurs, particularly the contribution of the university in training and developing graduates, considered as the elite of the society. This research paper aims to measure the impact of personal perceptions of sustainable entrepreneurship on the intent of sustainable entrepreneurship. The study was conducted on a group of students who are about to graduate. The sample contained eighty-three (83) students from various disciplines of the university. It concluded that the perceptions of sustainable entrepreneurship have an impact on sustainable entrepreneurial intentions and that both the social and the environmental perceptions have a positive and statistically significant impact on sustainable entrepreneurial intention. However, the economic perception did not have a significant effect on the intention of sustainable enterprise.","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116673331","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"impact of fiscal policy on economic growth in Algeria: empirical study using SVAR model","authors":"M. Daoudi","doi":"10.4314/cread.v39i2.2","DOIUrl":"https://doi.org/10.4314/cread.v39i2.2","url":null,"abstract":"This study aims to analyze the impact of fiscal policy on economic growth in Algeria using the Autoregressive Structural Vector Methodology (SVAR), we will follow the method of working of Blanchard and Perotti (2002).We include only three variables: public spending G, Taxes (Direct taxes + Indirect taxes) TAX and GDP. The study concluded that there is a positive effect of public spending on the economic growth in Algeria, but it is smaller, and it is only in the short term and then turns into a negative impact in the medium and long term. This indicates that ordinary taxation is very limited to increase economic growth in Algeria with the strong presence of petroleum taxation. When a negative shock occurs in the price of a barrel then the effect is transferred directly to the public revenues and automatically to the public spending.","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116872555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"vendeurs d’intrants agricoles, des traducteurs locaux d’un système d'innovation agricole mondialise. Cas du maraichage sous serre a Biskra (Algérie)","authors":"Nadir Laouar, A. Daoudi, P. Dugué","doi":"10.4314/cread.v39i2.6","DOIUrl":"https://doi.org/10.4314/cread.v39i2.6","url":null,"abstract":"L’intégration des marchés des intrants agricoles est l’une des facettes de la mondialisation des systèmes alimentaires, en forte accélération ces dernières décennies. Elle permet à certaines filières agricoles nationales, ou certains de leurs segments, d’intégrer un système d’innovation agricole mondialisé, piloté par les multinationales. Les mécanismes de cette intégration, ses acteurs et ses conséquences sur le développement agricole dans les pays du Sud sont au centre des recherches sur les systèmes d’innovation agricole (SIA). Cet article analyse les rôles des fournisseurs d’intrants agricoles, particulièrement les vendeurs détaillants, dans l’introduction et la diffusion des innovations techniques dans la filière des cultures maraîchères sous serres froides à Biskra, wilaya leader de la filière. Basée sur l’approche des « fonctions des systèmes d'innovation », l’analyse met en évidence le double rôle des détaillants d’intrants dans le SIA : la création et la diffusion de connaissances (conseil agricole) et la mobilisation de ressources (crédit fournisseur).","PeriodicalId":295103,"journal":{"name":"les cahiers du cread","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125655563","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}