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Les systèmes de gestion par la valeur : une analyse de leur impact sur la communication financière des sociétés du CAC 40

Nabet, Agnès - Université Paris-Dauphine (Paris IX) - 2002

The reading of CAC 40 annuals reports on 1998 and 1999, based on a themes’ dictionary connected with corporate governance and shareholder value, shows evolution of financial communication. Five groups of firms which support a different shareholder influence are distinguished.

Persistent link: https://www.econbiz.de/10010706899

The IASB and the shareholder value priestly cult!

Chabrak, Nihel; Bouden, Inès - Université Paris-Dauphine (Paris IX) - 2010

Associated with neo-liberalism, shareholder value is at the origin of the financialization of the economy and the current financial crisis. Indoctrinated by neoliberal economics, accountants set themselves the objective of ensuring the efficient functioning of financial markets instead of...

Persistent link: https://www.econbiz.de/10010706817

Debt, Private Benefits, and Corporate Governance: An Analysis in an Option Valuation Framework

de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2014

Debt is not frequently analyzed in relation to the conflict between controlling and outside shareholders. At the same … time, debt helps to manage the type II corporate agency conflicts because it is easier for controlling shareholders to …

Persistent link: https://www.econbiz.de/10010790025

Ownership Structure and Debt Leverage: Empirical Test of a Trade-Off Hypothesis on French Firms

de La Bruslerie, Hubert; Latrous, Imen - Université Paris-Dauphine (Paris IX) - 2012

Debt may help to manage type II corporate agency conflicts because it is easier for controlling shareholders to modify … period 1998-2009 is empirically tested. It supports an inverted U-shape relationship between shareholders' ownership and … leverage. At low levels of ownership, controlling shareholders use more debt in order to inflate their stake in capital and to …

Persistent link: https://www.econbiz.de/10010790035

La théorie de la performance juridique : une application aux stock-options et aux attributions gratuites d’actions

Perdrizot-Renault, Julien - Université Paris-Dauphine (Paris IX) - 2013

Today’s unstable and unpredictable world, from a financial and a legal point of view, creates a new requirement, the performance. In this context, the company’s legal performance refers to its ability of develop legal resources and to connect it to other resources to reach its goals,...

Persistent link: https://www.econbiz.de/10010795041

Estimating fund manager fees using option pricing model

Najar, Dorra - Université Paris-Dauphine (Paris IX) - 2012

This paper analyses the private equity fund compensation. We build a model to estimate the expected revenue of fund managers as a function of their investor contracts. We tried to evaluate the present value of the carried interest, which is one of the most common profit sharing arrangements...

Persistent link: https://www.econbiz.de/10010799301

Gouvernance, détresse économique et performance des entreprises libanaises

Azzi, Tarek - Université Paris-Dauphine (Paris IX) - 2013

deteriorating performance exemplifies the deviation in managerial efforts to satisfy the shareholders’ interests. Firms enter …

Persistent link: https://www.econbiz.de/10010772259

Efficacité des structures de contrôle et enracinement des dirigeants

Alexandre, Hervé; Paquerot, Mathieu - Université Paris-Dauphine (Paris IX) - 2000

In the theoretical framework of corporate governance this article studies the efficiency of the control exerted by the ownership structure and the board of directors on managers. The confrontation of entrenchment theory and agency theory allows to determine the necessary conditions of the...

Persistent link: https://www.econbiz.de/10010861596

Disclosure Quality and Corporate Governance: Evidence from the French Stock Market

Ben Ali, Chiraz - Université Paris-Dauphine (Paris IX) - 2005

This paper examines a combined set of corporate governance features that influence disclosure quality in a context of ownership concentration. Agency theory presents a theoretical framework linking disclosure decision to corporate governance mechanisms. Using a Multiple Correspondence Analysis...

Persistent link: https://www.econbiz.de/10010706427

Gouvernance d’entreprise : la faillite d’une approche

Batsch, Laurent - Université Paris-Dauphine (Paris IX) - 2005

Persistent link: https://www.econbiz.de/10010706445