Jean-Laurent VIVIANI

Full professor

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Jean-Laurent Viviani

“My areas of research are based on two major pillars:

  • Corporate finance: finance (financial constraints, financing methods, hybrid financing), investment (real options), financial policy (dividend distribution),
  • Management of banking risks (liquidity risk, systemic risk).

My current research focuses on Supply Chain Finance, Finance and International Business, Green and Responsible Finance.”

Supply chain finance,

Green and sustainable finance

Finance and International Business

Corporate finance: dividend distribution, hybrid securities, financial constraints and funding methods

Risk management: liquidity risk, systemic risk.

Key words: ambiguity, financial constraints, dividends, funding, SRI, liquidity, real options, capital structure

Teaching

  • Banking risk management
  • Interest rate risk management
  • Portfolio Management
  • Banking management
  • Corporate finance and financial engineering
  • International Financial Markets

Vincent Hovelaque, Jean-Laurent Viviani, Mohamed Ait Mansour. Trade and bank credit in a non-cooperative chain with a price-sensitive demand. International Journal of Production Research, Taylor
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Finance, Logistics / Production Management
Hamidreza Rezaei, Nathalie Bostel, Vincent Hovelaque, Olivier Péton, Jean-Laurent Viviani. Financial supply chain network design: assessment of sequential and integrated approaches. ROADEF 2022 : 23ème congrès annuel de la Société Française de Recherche Opérationnelle et d’Aide à la Décision, INSA Lyon, Feb 2022, Villeurbanne – Lyon, France.
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Finance, Logistics / Production Management
O. Adoukonou, Florence André-Le Pogamp, Jean-Laurent Viviani. The determinants of the convertible bonds call policy of Western European companies. International Review of Financial Analysis, Elsevier, 2021, 73, pp.101582.
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Finance
L.-P. Nguyen, Lionel Touchais, Jean-Laurent Viviani. The Relationship Between CSR Disclosure and CSR Performance: A Western European Sample. Financial And Economic Systems: Transformations And New Challenges, World Scientific Publishing Co., pp.253-284, 2021, 9781786349507; 9781786349491.
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Accounting, Finance
Sami Ben Jabeur, Salma Mefteh-Wali, Jean-Laurent Viviani. Forecasting gold price with the XGBoost algorithm and SHAP interaction values. Annals of Operations Research, Springer Verlag, 2021,
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Finance
yuan Bian, David Lemoine, Thomas yeung, Nathalie Bostel, Vincent Hovelaque, et al.. An EOQ-Based Lot Sizing Model with Working Capital Requirements Financing Cost. IFIP APMS2021: Advances in Production Management Systems, Sep 2021, Nantes, France. pp.159-166,
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Finance, Logistics / Production Management
Pooya Hedayatinia, David Lemoine, Guillaume Massonnet, Jean-Laurent Viviani. Put Option Contracts in Newsvendor Model with Bankruptcy Risk. IFIP APMS2021: Advances in Production Management Systems, Sep 2021, Nantes, France. pp.167-174,
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Finance
Pooya Hedayatinia, David Lemoine, Guillaume Massonnet, Jean-Laurent Viviani. Analysis of the Impact of Demand Volatility and Return Policies on a Price-setting Newsvendor. IFAC 2020 : 21st IFAC World Congress, Jul 2020, Berlin, France. pp.10843-10848,
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Finance
Jean-Laurent Viviani, Carole Maurel. Performance of impact investing: A value creation approach. Research in International Business and Finance, Elsevier, 2019, 47, pp.31-39.
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Finance
yaovi Sélom Agbetonyo, yaovi S�lom Agbetonyo, Emmanuelle Fromont, Jean-Laurent Viviani. Asymmetric Responses to Dividend Announcements: A Case for Ambiguity. Revue de l’OFCE, Presses de Sciences Po, 2019, 160 (1), pp.77-104.
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Finance
Jean-Laurent Viviani, Malick Fall, Christophe Revelli. The Effects of Socially Responsible Dimensions on Risk Dynamics and Risk Predictability: A Value-At-Risk Perspective. Management international, HEC Montréal, 2019, 23 (3), pp.141-157.
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Finance
Malick Fall, Waël Louhichi, Jean-Laurent Viviani. Empirical tests on the asset pricing model with liquidity risk: An unobserved components approach. Economic Modelling, Elsevier, 2019, 80, pp.75-86.
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Finance
Kaouther Toumi, Jean-Laurent Viviani, Zeinab Chayeh. Measurement of the displaced commercial risk in Islamic Banks. Quarterly Review of Economics and Finance, Elsevier, 2019, 74, pp.18-31.
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Finance
Jessica Fouilloux, Jean-Laurent Viviani. Fostering green investment decisions: the real option approach. Sabri Boubaker, South Champagne Business School France; Douglas Cumming, College of Business Florida Atlantic University US; Duc Khuong Nguyen, IPAG Business School France. Research Handbook of Investing in the Triple Bottom Line Finance, Society and the Environment, Edward Elgar, pp.53-74, 2018, 978 1 78643 999 4.
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Finance
Jean-Laurent Viviani, Anh-Ngoc Lai, Waël Louhichi. The impact of asymmetric ambiguity on investment and financing decisions. Economic Modelling, Elsevier, 2018, 69, pp.169-180.
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Finance
Olivier Adoukonou, Florence André, Jean-Laurent Viviani. Callable Convertible Bonds in Sequential Financing: Evidence on the Western European Market. Journal of Multinational Financial Management, Elsevier, 2018, 45, pp.35-51.
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Finance
Hong Hanh Le, Jean-Laurent Viviani. Predicting bank failure: An improvement by implementing machine learning approach on classical financial ratios. Research in International Business and Finance, Elsevier, 2018, 44, pp.16-25.
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Finance
yuan Bian, David Lemoine, Thomas G. yeung, Nathalie Bostel, Vincent Hovelaque, et al.. A dynamic lot-sizing-based profit maximization discounted cash flow model considering working capital requirement financing cost with infinite production capacity. International Journal of Production Economics, Elsevier, 2018, 196, pp.319-332.
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Finance, Logistics / Production Management
yaovi Sélom Agbetonyo, Jean-Laurent Viviani. La relation entre les changements de dividendes et les variations de bénéfices futurs, revisitée en temps de crise : le cas de la France. Transitions numériques et informations comptables, May 2018, Nantes, France. pp.cd-rom.
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Finance
Jean-Laurent Viviani, Olivier Adoukonou, Florence André Le Pogamp. L’exercice des Options Associées aux Obligations Convertibles : un Test de la Théorie du Financement Séquentiel. Finance Contrôle Stratégie, Association FCS, 2018, NS-4, pp.online review.
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Finance
Karine Picot-Coupey, Jean-Laurent Viviani, Paul Amadieu. Determinants of retail store network expansion via shop-in-shops. International Journal of Retail and Distribution Management, Emerald, 2018, 46 (10), pp.915-943.
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Finance, Marketing
yuan Bian, David Lemoine, Nathalie Bostel, Thomas G. yeung, Vincent Hovelaque, et al.. An EOQ-based profit maximization model considering financing cost of working capital requirement. IFAC 2017, 2017, Toulouse, France.
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Finance, Logistics / Production Management
Karine Picot-Coupey, Jean-Laurent Viviani, Paul Amadieu. Retail network organizational design and financial performance. Frank Hoy, Rozenn Perrigot, Andrew Terry. Handbook of Research on Franchising. Research Handbooks in Business and Management series , Edward Elgar, pp.415-448, 2017, 9781785364174.
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Finance, Marketing
L Bironneau, Jean-Laurent Viviani. Collaborations et réseaux : approches transversales en management. Presses Universitaires de Rennes. France. 2016, 978-2-7535-4984-5.
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Finance, Logistics / Production Management
Jean-Laurent Viviani, Thi Le Hoa Vo. Peut-on arrêter de jouer au « maillon faible » dans la chaîne logistique ? Le financement collaboratif du BFR dans une chaîne logistique est-il possible ?. Presses Universitaires de Rennes. Collaborations et réseaux : approches transversales en management, pp.151-170, 2016, Les réseaux comme solution à certains problèmes des organisations, 978-2-7535-4984-5.
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Finance, Logistics / Production Management
Frédérique Chédotel, Jean-Laurent Viviani. Introduction du numéro thématique Compétences et réseaux. Revue Française de Gestion, Lavoisier, 2016, 42 (259), pp.71 – 81.
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Finance
yuan Bian, David Lemoine, Nathalie Bostel, Thomas G. yeung, Vincent Hovelaque, et al.. A profit maximization discounted cash flow model considering working capital requirement financing cost for the dynamic lot-sizing problem with infinite production capacity. MOSIM 2016, 2016, Montréal, Canada.
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Finance, Logistics / Production Management
yuan Bian, Nathalie Bostel, David Lemoine, Thomas G. yeung, Vincent Hovelaque, et al.. Maximisation du profit en considérant les coûts de financement de besoin en fonds de roulement. cas à capacité infinie.. ROADEF 2016, 2016, Compiègne, France.
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Finance, Logistics / Production Management
Ludivine Duval, Carole Maurel, Jean Laurent Viviani. Analysis of the determinants of export modes used by French wine businesses. International Journal of Entrepreneurship and Small Business, Inderscience, 2016, 29 (4), pp.627.
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Finance
Karine Picot-Coupey, Jean-Laurent Viviani. Gagner sur corner ? Quel impact sur la performance financière d’une collaboration entre deux réseaux de distribution via des espaces boutiques ?. Presses Universitaires de Rennes. Collaborations et réseaux : approches transversales en management, pp.85-110, 2016, Les modes de coopération au sein et en dehors des réseaux, 978-2-7535-4984-5.
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Finance, Marketing
Laurent Bironneau, Jean-Laurent Viviani. Introduction : Réseau ? Vous avez dit réseaux ?. Presses Universitaires de Rennes. Collaborations et réseaux : approches transversales en management, 2016, 978-2-7535-4984-5.
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Finance, Logistics / Production Management
yuan Bian, David Lemoine, Thomas G. yeung, Nathalie Bostel, Vincent Hovelaque, et al.. An EOQ-based working capital minimization discounted cash flow model with infinite production capacity. International Symposium on Inventory Research, 2016, Budapest, Hungary.
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Finance, Logistics / Production Management
Ludivine Duval, Carole Maurel, Jean-Laurent Viviani. Adéquation du mode d’exportation avec la stratégie concurrentielle à l’export comme déterminant de la performance export – le cas de la filière vin en France. 6ème conférence annuelle d’Atlas-AFMI, Jun 2016, Nice, France.
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Finance
Malick Fall, Jean-Laurent Viviani. A new multi-factor risk model to evaluate funding liquidity risk of banks. European Journal of Finance, Taylor
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Finance
yuan Bian, David Lemoine, Nathalie Bostel-Dejax, Thomas G. yeung, Vincent Hovelaque, et al.. Dynamic lot-sizing-based Working Capital Requirement minimization model with infinite capacity. 2015 International Conference on Industrial Engineering and Systems Management (IESM), Oct 2015, Seville, France.
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Finance, Logistics / Production Management
Jessica Fouilloux, Franck Moraux, Jean-Laurent Viviani. Investing in finite-life carbon emissions reduction program under risk and idiosyncratic uncertainty. Energy Policy, Elsevier, 2015, 82, pp.310-320.
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Finance
yuan Bian, David Lemoine, Thomas G. yeung, Nathalie Bostel, Vincent Hovelaque, et al.. Working capital requirement optimization in tactical production planning. INFORMS Annual Meeting, 2015, Philadelphia, United States.
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Finance, Logistics / Production Management
Christophe Revelli, Jean-Laurent Viviani. Financial performance of socially responsible investing (SRI): what have we learned? A meta-analysis. Business Ethics: A European Review, Wiley, 2015, 24 (2), pp.158-185.
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Finance
Marc Gaugain, Jean-Laurent Viviani, Thi Le Hoa Vo. Le financement collaboratif entre client et fournisseur. Un moyen de renforcer la compétitivité des chaînes logistiques. Revue Française de Gestion, Lavoisier, 2014, 40 (239), pp.107-120.
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Finance, Logistics / Production Management
Paul Amadieu, Karine Picot-Coupey, Jean-Laurent Viviani. Company-owned stores, franchises stores or/and stores-within-a-store: can any organizational form yield better performance? Evidence from French fasionretailer. XXIII° conférence de l’AIMS – Association Internationale de Management Stratégique, May 2014, Rennes, France.
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Finance, Marketing
Paul Amadieu, Karine Picot-Coupey, Jean-Laurent Viviani. Is any organizational form superior in terms of financial performance? Theoretical analysis and evidence from the fashion retail sector.. International Workshop in Franchising, Services and Retail Chains, Jun 2014, Rennes, France.
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Finance, Marketing
Julien Cadot, Jean-Laurent Viviani. Contraintes financières et ordre de financement hiérarchique des entreprises agroalimentaires : une approche par données d’enquête. Economies et Sociétés. Série AG Systèmes agroalimentaires, Presses de l’ISMEA, 2013, 35, pp.1909-1929.
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Finance
Berta Schnettler, Horacio Miranda, Marcos Mora, German Lobos, Jean-Laurent Viviani, et al.. Acculturation and consumption of foodstuffs among the main indigenous people in Chile. International Journal of Intercultural Relations, Elsevier, 2013, 37 (2), pp.249-259.
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Finance
Isam Mouallim, Jean-Laurent Viviani. Market Risk Measurement Models: Estimation of Volatility and Correlation. Bankers Markets
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Finance
Paul Amadieu, Carole Maurel, Jean-Laurent Viviani. Intangibles, Export Intensity, and Company Performance in the French Wine Industry. Journal of Wine Economics, Cambridge University Press (CUP), 2013, 8 (2), pp.198-224.
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Finance
Jessica Fouilloux, Jean-Laurent Viviani. Finance verte. F. Moraux, L. Bironneau. Recherches et innovations en sciences de gestion, Presses universitaires de Rennes, pp.99-123, 2013, Des sociétés.
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Finance
Jean-Philippe Lafontaine, Karima Bouaiss, Jean-Laurent Viviani. Crises environnementales, marchés financiers et communication environnementale des entreprises : proposition d’une méthode d’évaluation des accidents industriels et des crises environnementales : proposition d’une méthode d’évaluation des accidents industriels et des crises environnementales. La Revue des Sciences de Gestion, Revue des Sciences de Gestion, 2013, 2013/5 (263-264), pp.197 – 206.
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Finance
Christophe Revelli, Jean-Laurent Viviani. The link between SRI and financial performance: effects and moderators. Management international, HEC Montréal, 2013, 17 (2), pp.105-122.
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Finance
Kaouther Toumi, Jean-Laurent Viviani. Le risque lié aux comptes d’investissement participatifs : un risque propre aux banques islamiques. Sciences de Gestion, 2013, 2013/1-2 (259-260), pp.131-142.
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Finance
Malick Fall, Jean-Laurent Viviani. A new multi-factor risk model to evaluate funding liquidity risk of financial institutions. 30th International French Finance Association conference (AFFI), May 2013, Lyon, France.
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Finance
Ghassen Nouajaa, Jean-Laurent Viviani, Franck Moraux. Foreign exchange risk management : evidence from French non-financial firms. 30th International French Finance Association conference (AFFI), May 2013, Lyon, France.
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Finance
Jean-Laurent Viviani, Christophe Revelli. SRI portfolio management : a meta-analysis. 30th International French Finance Association conference (AFFI), May 2013, Lyon, France.
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Finance
Paul Amadieu, Karine Picot-Coupey, Jean-Laurent Viviani. Shops-within-shops : determinants of the choice and impact on retail company financial performance. 17th conference of the European Association for Education and Research in Commercial Distribution (EAERCD), Jul 2013, Valence, Spain.
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Finance, Marketing
Paul Amadieu, Karine Picot-Coupey, Jean-Laurent Viviani. Financial performance of store-within-store strategy in the french fashion industry. 2013 American Marketing Association (AMA) summer marketing educators conference, Aug 2013, Boston, United States. pp.427-437.
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Finance, Marketing
Kaouther Toumi, Waël Louhichi, Jean-Laurent Viviani. Alternative financial decision principles: Theoretical foundations of islamic banks capital structure. Barnett W., Jawadi F. Recent developments in alternative finance empirical assessments and economic, 22, Emerald Group Publishing Limited, pp.157-172, 2012, International Symposia in Economic Theory and Econometrics, 978-1-78190-399-5.
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Finance
Francis Declerck, Jean-Laurent Viviani. Solvency and Performance of French Wineries in Times of Declining Sales: Co-operatives and Corporations. international journal on foodsystem dynamics, 2012, 3 (2), pp.106-122.
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Finance
Christophe Revelli, Jean-Laurent Viviani. Performance financière de l’investissement socialement responsable (ISR) : une méta-analyse. Finance Contrôle Stratégie, Association FCS, 2012, 15 (4), pp.Online review.
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Finance
Rivo Randrianarivony, Patrick Navatte, Jean-Laurent Viviani. Signalling with costly cash : is it an efficient mechanism ?. 29th spring International conference of the French Finance Association, May 2012, Strasbourg, France.
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Finance
Jean-Laurent Viviani, Kaouther Toumi, Lofti Belkacem. Actual risk sharing measurement in Islamic Banks. W. Sun, C. Louche, R. Pérez. Finance and sustainability: Towards a new paradigm? A post-crisis agenda (Critical studies on corporate responsibility, governance and sustainability, Volume 2), Emerald, pp.325-347, 2011,
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Finance
Jean-Laurent Viviani, Christophe Revelli. Les déterminants de l’effet de l’ISR sur la performance financière : une analyse statistique de la littérature empirique. Management
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Finance
Haroon Khan, Slim Hassairi, Jean-Laurent Viviani. Herd behavior and market stress: The case of four European countries. International Business Research, Canadian Center of Science and Education, 2011, 4 (3), pp.53-67.
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Finance
Paul Amadieu, Carole Maurel, Jean-Laurent Viviani. Intangible expenses, export intensity and company performance in the French wine industry. 6th International Conference of the AWBR, Jun 2011, Bordeaux, France.
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Finance
Jean-Laurent Viviani, Paul Amadieu. Intangible expenses: a solution to increase the French wine industry performance?. European Review of Agricultural Economics, Oxford University Press (OUP), 2011, 38 (2), pp.237-258.
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Finance
François Fulconis, Jean-Laurent Viviani. MODALITÉS D’ACHAT ET DE CONSOMMATION DE VINS EN ROUMANIE : PROPOSITION D’UNE SEGMENTATION. Timisoara Journal of Economics and business, 2010, 3 (9), pp.27-40.
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Finance
Paul Amadieu, Jean-Laurent Viviani. Intangibles Effort and Performance: The Case of the French Wine Industry. Agribusiness, Wiley, 2010, 26 (2), pp.280-306.
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Finance
Carole Maurel, Jean-Laurent Viviani. Export Performance and financial constraint in French wine SMEs. 5th International Conference of the AWBR, Feb 2010, Auckland, New Zealand.
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Finance
Carole Maurel, Jean-Laurent Viviani. Gestion du risque de change dans les PME : l’exemple des entreprises vitivinicoles de la Vallée du Rhône. Enometrics XIII, Vineyard Data Quantification Society, May 2006, Bordeaux, France.
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Finance

Scientific outreach

Research coordination

2016: Codirection of the “Coopérations et Réseaux” dossier in issue no. 259 of the Revue Française de Gestion with F. Chédotel.

2016: Co-coordinator of the collective work “Collaborations and Networks” with L. Bironneau.

2016: Co-organizer of the 2nd PhD Students Day of the RCSM project: Risk, Credit Chain & Supply Chain Management, June 2, 2016 at IGR-IAE Rennes with V. Hovelaque

Scientific Projects

2013: Scientific Coordinator of the RCSM (Risk, Credit Chain & Supply Chain Management) project selected at FUI 15, labeled by the “Finance Innovation” and “Nov@log” competitiveness poles. Professional partners: Weave, Kyriba, BPA, Marsh, JASSP. Academic partners: LIP6 (CNRS, Paris 6), INSA Rouen, ARMINES Ecole des Mines de Nantes. Global budget of the project: 4 386 k€. (IGR 150 000 €)

Scientific events

2015 : President of the Organizing Committee of the IAE France Congress which took place at the IGR-IAE Rennes on June 10-12, 2015.

Invited conferences

  • Invitation to present research at the International Research Conference on Management, 2-3 November 2015, Meiji University (Tokyo).
  • Invitation to present a research at the seminar of Quisqueya University (Haiti), July 2015, July 2014.
  • Invitation to present a research at the Foreign Trade University (Hanoi), November 2013, November 2015.

Expertises

Guest reviewer for the following journals: Finance, Journal of Economic Behavior and Organization, European Review of Agricultural Economics, Management International Finance Contrôle Stratégie, Revue d’Economie Industrielle, Revue Economique, Economie Rurale, International Journal of Wine Business Research, International Food and Agribusiness Management Review, Review of Financial Economics, …

Interaction with the social, economic and cultural environment

  • Conference on the banking crisis 26/02/2015 A2R1
  • Presentation of my works on SRI to the Vigéo Scientific Committee on 12/03/2015.

Three essays about the consequences of corporate social responsibility disclosure
PhD student : NGUYEN Lan Phuong
Date : 03/06/2019
PhD supervisor : Jean-Laurent VIVIANI
Finance
Machine learning and applications : new models to predict the bankruptcy of bank
PhD student : LE Hong Hanh
Date : 21/11/2018
PhD supervisor : Jean-Laurent VIVIANI
Finance
Essays on financial market development, foreign investment and economic growth
PhD student : FAGHIHI TALEGHANI Hamed
Date : 07/06/2018
PhD supervisor : Jean-Laurent VIVIANI
Finance
Convertible Bonds Financing : Shareholder Wealth Effects, Sequential investment and Call Policies
PhD student : ADOUKONOU Olivier-Yvon
Date : 08/12/2016
Finance
Trois essais sur la modélisation de la liquidité de marché et de financement
PhD student : FALL Malick
Date : 01/12/2016
PhD supervisor : Jean-Laurent VIVIANI
Finance
Les conséquences des annonces de variations des dividendes sur le marché financier français en temps de crise : une analyse comparative par rapport à la crise financière de 2007-2009
PhD student : AGBETONYO Yaovi Selom
Date : 29/11/2016
PhD supervisor : Jean-Laurent VIVIANI
Finance
Effects of financing constraints on firms’ usage of trade credit and other alternative sources
PhD student : Thi Thanh Xuan BUI
Date : 08/12/2015
PhD supervisor : Jean-Laurent VIVIANI
Finance
Performance export : influence des stratégies et des politiques à l’exportation. Le cas de la filière vin
PhD student : BEAUFRERE (DUVAL) Ludivine
Date : 02/10/2015
PhD supervisor : Jean-Laurent VIVIANI
Finance
Exposition au risque de change, politique de couverture et conflits d’agence
PhD student : NOUAJAA Ghassen
Date : 19/12/2014
Finance

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