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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
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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
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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
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Disclosure Quality and Ownership Structure: Evidence from the French Stock Market
Ben Ali, Chiraz; Gettler-Summa, Mireille - Université Paris-Dauphine (Paris IX) - 2007
ownership increases agency costs and therefore should improve shareholders' information need and enhance disclosure. After …
Persistent link: https://www.econbiz.de/10010905388
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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
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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
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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
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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
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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
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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