Similar to the Security Exchange Commission (SEC), the French Stock Exchange Authority (AMF) issued new board requirements to enhance manager control after financial scandals (2008-2009). This study investigates the relation between corporate governance and CEO pay levels after taking into...

This paper analyzes the income of french top managers taking as a sample firms that made the CAC 40 in 2009. The pay gap between CEOs and unskilled workers have never been higher. In our view, explanations of this trend are not solely related to economic causes (transformation of the labor...

Our research aims at exploring individual’s characteristics of women on Boards in the French context. In the first part of our paper, we discuss the different theoretical frameworks which supported the business case of gender diversity on Boards of Directors and expose our hypothesis regarding...

Disclosure could mitigate the weakness of institutional context in protecting investors by reducing information asymmetry. This study examines a set of corporate governance features that influence disclosure quality in a context of of principal-principal conflicts and poor investor protection....

We present a model to test the null hypothesis that firms organize their corporate governancearrangements optimally given the constraints they face. Following the literature, the modelrejects the null if the conditional correlation between governance and performance issignificantly different...

In this article, we propose a value creation model based on the principle of the chain of value in corporate management. We particularly endeavour to show the incidence of a relevant allowance of a company's resources on its profitability, by distinguishing on one hand the activities that are...