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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 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

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

Efficiency of French privatizations: a dynamic vision

Gérard, Charreaux; Alexandre, Hervé - Université Paris-Dauphine (Paris IX) - 2004

We interpret privatization in light of corporate governance theory. After replicating some traditional tests, we test … whatever positive value accrues from privatization is affected by the contextual, organizational, governance, and strategic … variables that influence the privatization process. …

Persistent link: https://www.econbiz.de/10010708641

The Impacts of Corporate Governance On the Performance of Privatized Firms In Vietnam

Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2008

, Nash and Van Randenborgh (MNR 1994) by using the Wilcoxon and proportion tests to compare the pre- and post-privatization … studies, it has its shortcomings. Indeed, this method is unable to isolate the impact of privatization on firm performance … employed in this paper. Both approaches confirm that privatization in Vietnam brings about significant improvement in most …

Persistent link: https://www.econbiz.de/10010706886

Corporate governance and profit manipulation : a French field study

Lambert, Caroline; Sponem, Samuel - Université Paris-Dauphine (Paris IX) - 2005

Profit manipulation has been largely studied through Positive Accounting Theory (PAT). However, the weakness of the results obtained would suggest using different theoretical and methodological approaches to examine this subject. In France, management controllers play a central role in profit...

Persistent link: https://www.econbiz.de/10010905207

Corporate Governance: A New Limit to Real Options Valuation?

Philippe, Henri - Université Paris-Dauphine (Paris IX) - 2005

Including real options in firms ’ value raises numerous difficulties. Limitations concerning the relevance of option pricing models outside financial markets are the most salient, but carrying out a valuation implies other assumptions, especially on firms’ governance. In particular,...

Persistent link: https://www.econbiz.de/10010905233

La juridicisation de la responsabilité sociétale des entreprises

Marain, Gaetan - Université Paris-Dauphine (Paris IX) - 2014

Social responsibility standards voluntarily set by a company create obligations both in respect of their issuers and their receptors. Law operates a double movement of legalization (they shall become binding for employees) and control (this binding nature is to exist only if it satisfies the...

Persistent link: https://www.econbiz.de/10010905441

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 modify the leverage ratio than to modify their share of...

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 the leverage ratio than to modify their share of capital. A sample of 112 firms listed on the French stock market over the period 1998-2009 is empirically tested. It supports an...

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