Narrow search
Showing 1 - 10 of 101
Cover Image
Efficacité des structures de contrôle et enracinement des dirigeants
Alexandre, Hervé; Paquerot, Mathieu - Université Paris-Dauphine (Paris IX) - 2000
ownership structure and the board of directors on managers. The confrontation of entrenchment theory and agency theory allows to …
Persistent link: https://www.econbiz.de/10010861596
Cover Image
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
Cover Image
Disclosure Quality and Ownership Structure: Evidence from the French Stock Market
Ben Ali, Chiraz; Gettler-Summa, Mireille - Université Paris-Dauphine (Paris IX) - 2007
This paper aims to examine the effect of many ownership features on firm's disclosure quality using the theoretical framework of the agency theory, which states that investors information demand increases with agency costs of the firm. Public ownership increases agency costs and therefore should...
Persistent link: https://www.econbiz.de/10010905388
Cover Image
The Impacts of Corporate Governance On the Performance of Privatized Firms In Vietnam
Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2008
exogenously, we avoid the simultaneity problem often present in studies on transition economies where existing managers become … owners or are replaced. In addition, due to the limited number of managers with market-economy skills in Vietnam, we avoid … the selection problem often present in studies for market economies where new managers may be better suited than existing …
Persistent link: https://www.econbiz.de/10010706886
Cover Image
Ownership structure and firm performance in transition countries : the case of European Union new members
Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2005
Our study focuses on the EU new members, which are transition countries. After a long period of privatization and restructuring, the ownership structure of firms in these countries takes a clearer form. This evolution of ownership structure has a considerable effect on firm performance. In using...
Persistent link: https://www.econbiz.de/10010707391
Cover Image
IPO Underpricing, Post-Listing Liquidity, and Information Asymmetry in the Secondary Market
Gajewski, Jean-François; Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2008
Using a ten-year sample of IPOs undertaken on Euronext with various mechanisms, our study examines the relationship between initial returns and post-listing liquidity, and tests whether it is influenced by ownership structure and information asymmetry. According to most of our findings,...
Persistent link: https://www.econbiz.de/10010707490
Cover Image
Excess control rights and corporate acquisitions
Belot, François - Université Paris-Dauphine (Paris IX) - 2010
The typical French listed company exhibits a concentrated ownership structure with the largest shareholder typically holding more voting rights than cash flow rights. This paper studies the acquisitions made by French listed firms over the period 2000 through 2009 and investigates how such...
Persistent link: https://www.econbiz.de/10010707798
Cover Image
Existe-t-il une structure optimale de la propriété des firmes en termes de profit ?
Gabrié, Hubert - Université Paris-Dauphine (Paris IX) - 2008
The possible existence of a link between the structure of firms' equity and profitability is a recurrent question among economists. The primary objective of this article is to provide a critical analysis of the two most recent hypotheses on the subject, one put forward by Demsetz, and the other...
Persistent link: https://www.econbiz.de/10010708491
Cover Image
Ownership structure and firm performance in transition countries: The case of European Union new members
Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2005
Our study focuses on the EU new members, which are transition countries. After a long period of privatization and restructuring, the ownership structure of firms in these countries takes a clearer form. This evolution of ownership structure has a considerable effect on firm performance. In using...
Persistent link: https://www.econbiz.de/10010708675
Cover Image
Seasoned Equity Issues in a Closely Held Market: Evidence from France
Gajewski, Jean-François; Ginglinger, Edith - Université Paris-Dauphine (Paris IX) - 2002
This paper examines seasoned equity offerings in France. Even though a rights offering is the primary flotation method, French companies are increasingly using the relatively expensive public offering method. We show that the market reaction to the announcement of seasoned equity issues is...
Persistent link: https://www.econbiz.de/10010708804