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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

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

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

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

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 …

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