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The AFEP-MEDEF corporate governance code amended in 2013 introduces the say on pay principle, which grants shareholders the right to vote on executive remuneration at annual general meetings. This paper aims at reviewing the studies undertaken in countries that have established this principle...
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Le thème central de cet ouvrage porte sur l'adéquation des représentations théoriques du comportement décisionnel des agents et sur ses implications pour la pertinence des mesures de la juste valeur des instruments financiers. L'ouvrage vise en premier lieu à mettre en perspective le rôle...
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This article aims to understand more about the origins of internal careers through a case study of accounting personnel at the French company Saint-Gobain at the turn of the twentieth century. The first section offers a review of various bodies of research that will allow us to define the notion...
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various control procedures carried out by the shareholder, and examins in particular the lever of the managers’remuneration at …
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We consider the motives for a firm to engage in corporate venturing. We argue that in case of failure of a new venture, corporate venture capitalists (CVC) have a strategic advantage relative to traditional venture capitalists (VC) in creating rents after rehiring or refinancing the...
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We provide new rationales for corporate venturing (CV), based on competition for talented managers. As returns to … managerial compensation, to which firms respond by increasing the power of incentives. Managers increase effort, prompting firms … become large, CV emerges as a way to recruit/retain managers who would otherwise choose alternative employment. We derive …
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