Current TBS Research Projects

Companies and institutions call on our expertise and support us in developing our research activities.

Accounting standard IFRS 16

The research project "Accounting standard IFRS 16" is financed by the French Accounting Standards Authority (Autorité des Normes Comptables - ANC). The objective of this project is to study the application of the “IFRS 16” Accounting Standard in France.

Research context and goal

Since 1st January 2019, the application of the IFRS 16 "Leases" substantially modified the accounting rules for leases. In addition to the operational and practical implementation challenges, companies expect various effects on their financial statements as well as on their key performance indicators (GAAP * and non-GAAP). The research project has three main objectives:

  • to examine the organizational adaptations and the transitioning processes for the application of the IFRS 16,
  • to develop case studies which detect factors having potential influence on companies’ choice to implement the IFRS 16, particularly during the first application phase,
  • to identify which difficulties financial statements’ preparers, analysts and regulators encounter in their particular interpretation and use of the standard; and to propose potential areas for improvement.

The research will focus on the analysis of qualitative data collected from SBF 120 companies (Société des Bourses françaises). The involved researchers will understand professionals’ interpretation mechanisms of the studied standard and thus propose practical solutions for companies to optimize their accounts. The project starts in September 2019 and will be closed in December 2021.

The project is led by Sami EL OMARI, Associate professor, at Research laboratory of Accounting Management Control & Performance Management, TBS. Two other partners will participate in the project:

  • Wafa KHLIF, Professor of Accounting, TBS - Barcelona Campus,
  • Mohamed Taieb HAMADI, Associate professor, Toulouse School of Management (TSM) - University Toulouse 1 Capitole.

*GAAP : Generally accepted accounting principles

Contact :

Role of COHORT (composite human robots) in the financial markets

The research project "The Effect of Machines on Man: An experimental study - COHORT", led by Debrah Meloso, a research professor at the Finance, Economics and Econometrics laboratory, received a prestigious grant from the Banque de France Foundation for research in monetary, financial and banking economics. The research focuses on the role of COHORT (composite human robots) in the financial markets.


Context and purpose of the research

Algorithms are ubiquitous in today's financial markets. Initially, their growth was related to their speed (high frequency traders). But lately intelligent algorithms named "quants" take over. The quants can be very independent: the human who deploys them yields to the quants the learning, the decisions and sometimes the very functioning of the quants. How far are humans willing to delegate? Up to what level will the quants be deployed? Are markets managed by quants easier to attack by predatory robots? This research project addresses these and other issues in COHORT by developing theories based on the results of financial laboratory experiments. The international research team is composed of:

  • Elena Asparouhova, University of Utah
  • Debrah Meloso, TBS
  • Christine Parlor, University of California Berkeley
  • Wenhao Yang, University of South Carolina

The grant will finance experiments and tests in financial laboratory. Some of these tests will be organized in Toulouse, allowing the participation of students and the TBS community. This project is scheduled from June 2019 to October 2020.

Contact :

Multilingual news coverage and its impact on stock, currency, and commodity prices

Europlace Institute of Finance and the Label Louis Bachelier awarded a grant to David STOLIN, Professor at TBS, and his colleague Professor Haim KEDAR-LEVY from Ben Gurion University of the Negev in Israel for a research project entitled "Multilingual news coverage and its impact on stock, currency, and commodity prices".

The goal of this project is to investigate the impact of news coverage on the trading behavior of a wide variety of assets using a combination of previously unexamined data, cutting-edge text analytics, and a novel methodological approach. Specifically, the researchers will measure the relevance of news stories from tens of thousands of sources in multiple languages published since early-2016 to global stocks and other securities.

While there is extensive prior research on how securities trading is affected by news stories that mention them directly, most securities are rarely covered by the media, and most media stories do not reference individual securities. By contrast, this project, in collaboration with a leading natural language processing (NLP) company, seeks to examine the impact of, effectively, the totality of world news on global securities.

David Stolin

Contact :

Accounting and evaluation of the overall performance of VSEs / SMEs

The Toulouse-based company Oikos Developpement and TBS are collaborating on a resesarch project concerning: "Accounting and assessment of the overall performance of VSEs / SMEs".
The doctoral student, Richard JABOT, hired by Oikos Developpement will conduct the research project within a CIFRE agreement (n ° 2017/1021), co-financed by ANRT. Based on an action-research perspective, the aim is to understand how is created a new Social and Environmental Accounting tool helping SMEs in their social transformation. Broadly speaking, the general research object of the PhD thesis is to understand how SMEs practice Sustainability Accounting on a daily basis, for example through carbon accounting.
The duration of the project is from October 2017 to September 2019. This doctoral work will be publicly defended and should lead to the publication of research articles in academic scientific journals. The project is led by Simon ALCOUFFE, thesis supervisor, and member of TBS Accounting, Control and Performance Management Research Laboratory. The project is scheduled over a 36-month period from February 1, 2018 to January 31, 2021.

Contact :

GLOMO: Global Mobility of employees

The GLOMO project deals with the mobility of employees within the Europe and the impact of this mobility on the careers of highly qualified personnel. This project aims to create and set up an innovative European doctoral training network. It brings together 8 partners: University of Bamberg (Germany), Copenhagen Business School, Cranfield University (UK), Institute for employment research (Germany), TBS, University of Vaasa (FI), University of Amsterdam, and Airbus Group SAS. The GLOMO project will offer a specialized training to 15 doctorate students in Europe. TBS will supervise two doctorate students. The duration of the project is from January 2018 to December 2021.

Contact : ,

TREASURE: Training REsearch and Applications networks to Support the Ultimate Real time high accuracy EGNSS solution

The objective of the TREASURE project is to offer specialized training to 13 doctoral students in the strategic and emerging field of European GNSS. It aims to develop multidisciplinary research to maximize the enormous potential for the promotion and exploitation of GNSS technology. This innovative multidisciplinary training contributes to strengthening the global positioning of Galileo, European GNSS (EGNSS), which must be fully operational by 2020. TBS will supervise one doctorate student in the field of strategic marketing in partnership with the regional firm NOVELTIS. The duration of the project is from September 2017 to August 2020.

Contact : ,

Accounting and Carbon Strategy for SMEs

The objective of the project is to provide an overview of carbon accounting practices in France and to understand its implementation. Through qualitative data collection, more precise research questions on emerging low-carbon business models, the impact of the supply chain on the development of accounting practices and low carbon strategy will be addressed.
This project brings together Grenoble School of Management, Ecole hôtelière de Lausanne, ECIC Company, ECO 2 Initiative Company, and Association Bilan Carbone. TBS is the coordinator of the project. One doctorate student is supervised by TBS.
This project is funded by the French Environment and Energy Management Agency. The duration of the project is from November 2016 to November 2019.

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RECA: Airlines Companies' Networks

The general objective of this research is to analyze the evolution of airline networks in order to anticipate the evolution of air transport at the regional level. This is a collaborative project with ENAC, the French National Aviation School. TBS and ENAC work in collaboration with one post-doctoral student.
This project has been set up within the framework of our research partnership agreement with ENAC and as a continuation of a first joint project on the same subject financed by the Occitanie Region.
This project is financed by the Occitanie Region. The duration of the project is from July 2016 to June 2020.


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NuPPas: Personalized Nutrition for the Prevention and autonomy of Seniors

The project aims to improve the well-aging, prevention of dependency and the improvement of the quality of life through personalized nutritional guidance for young seniors. This project targets people ranging in age from 60 to 70 years so young seniors.
To carry out this project, the NUTERGIA laboratory works in partnership with Toulouse Business School and the SME Cartoon Design.
The Toulouse Business School Research Center brings its expertise in sociology and marketing for a better understanding of the expectations and needs of seniors. TBS Research Centre will carry out a socio-anthropological study in two stages. In a first step, the researchers will conduct a literature review on seniors and their food, their nutritional deficiencies and practices known in food supplementation. Secondly, a study combining observation and interaction with the people at home and during shopping will be conducted in order to better understand their relationship to food.
This project is funded by the FEDER-FSE Operational Programme 2014-2020 as part of the call for projects EASYNOV 2015-SILVER ECONOMY of the Occitanie Region. The duration of the project is from September 2017 to February 2018.

Contact :


SIRIUS Chair: Space Institute for Research on Innovative Uses of Satellites

SIRIUS is the first international research Chair dedicated to law and business management for activities in the space sector. It has been set up in Toulouse thanks to a partnership bringing together CNES (French National Space Agency), AIRBUS Defence & Space, and THALES ALENIA SPACE and two academic partners Toulouse 1 Capitole University (Law Department) and TBS.

The aim of SIRIUS is to create a leading international research team in law and management in the space sector and to bring together all the necessary expertise for industrial and commercial activities in relation to space and its use in the field of law and management of space activities.

TBS concentrates on research topics defined by industry:

  • Innovation
  • Relationships with subcontractors
  • Space waste removal : business models
  • Analysis of funding for the space sector
  • Social and economic impact of the space sector in Midi-Pyrenees
  • Human Resources Management in the space sector

The duration of the Chair is 5 years from October 2013 to October 2018.

Contact :

>Go to the web site 


How the Centres Dramatiques Nationaux (National Centres for Dramatic Art) performance indicators are being used.
The New Management Practices research lab has received funding from the DRAC (Regional Directorate of Cultural Affairs for Midi-Pyrénées) for an exploratory study on the ways that the French National Centres for Dramatic Art performance indicators are being used.The aim is to identify the indicators that are actually used in running the institution, and examine how they are being used by the various stakeholders.

Contacts : , and

See the past projects ›