Roth, Fabrice - In: Revue Finance Contrôle Stratégie 3 (2000) 4, pp. 179-199
This article is about the way of combining different governance mechanisms during the decision-making process. In particular, we study the strategic growth of AXA, an insurance group, from 1987 to 1994, and how its manager used mutual-specific governance mechanisms to maintain his discretionary...