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Employee Ownership, Board Representation, and Corporate Financial Policies

Ginglinger, Edith; Megginson, William; Waxin, Timothee - HAL - 2011

French law mandates that employees of publicly listed companies can elect two types of directors to represent employees. Privatized companies must reserve board seats for directors elected by employees by right of employment, while employee-shareholders can elect a director whenever they hold at...

Persistent link: https://www.econbiz.de/10009323278

Understanding Employer's Stock Holdings in the French Company Savings Plans Using the Literature on the American 401(k) plans

Aubert, Nicolas - HAL - 2006

The collapse of sadly notorious American corporations whose retirement plans were primarily invested in company stocks has aroused a growing interest in understanding employees' investment decisions about company stock.American 401(k) plans and the French Company Savings Plans have in common to...

Persistent link: https://www.econbiz.de/10008789651

Employee ownership as a signal of management quality

Aubert, Nicolas; Lapied, André; Rousseau, Patrick - HAL - 2010

The employees' decision to become shareholder of the company they work for can be a consequence of employers' matching contribution in company stock. From a behavioral perspective, employees would regard these contributions as an implicit investment advice made by their employer. This paper...

Persistent link: https://www.econbiz.de/10008793883

In search of an alternative to shareholder value maximization

Giraud, Gaël; Renouard, Cécile - HAL - 2011

This paper argues that mainstream economic the- ory, far from providing an indisputable plea in favor of shareholder value-maximization, o ers striking arguments showing quite the opposite: pro t maximization cannot be a legitimate prioritar- ian goal for private rms. This opens the door for a...

Persistent link: https://www.econbiz.de/10009207103

Democratic corporate governance within fluctuating cooperative banks: A multidisciplinary diagnosis and proposition of orientations.

Jardat, Rémi; Gianfaldoni, Patrick; Hiez, David - HAL - 2010

The democratic question became of an ardent actuality within cooperative banks since the end of the 1990's. Founding … element of human-sized organizations that were the first mutual or cooperative Caisses, is democracy running the risk to … dissolve by necessity in the mature and hybrid giants that are the big banking cooperative groups nowadays? The present article …

Persistent link: https://www.econbiz.de/10008805083

In search of an alternative to shareholder value maximization

Giraud, Gaël; Renouard, Cécile - HAL - 2011

This paper argues that mainstream economic theory, far from providing an indisputable plea in favor of shareholder value-maximization, offers striking arguments showing quite the opposite : profit-maximization cannot be a legitimate goal for private firms. This opens the door for a widening of a...

Persistent link: https://www.econbiz.de/10011025817