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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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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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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 d’entreprise : la faillite d’une approche
Batsch, Laurent - Université Paris-Dauphine (Paris IX) - 2005
Persistent link: https://www.econbiz.de/10010706445
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Do target shareholder agreements induce bidders to pay higher premiums?
Belot, François - Université Paris-Dauphine (Paris IX) - 2009
In listed companies, some shareholders can be signatories to agreements that govern their relations. Such agreements … of target shareholders. …
Persistent link: https://www.econbiz.de/10010706570
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Le choc de l'UMTS sur la "corporate governance" des firmes europeennes
Geoffron, Patrice - Université Paris-Dauphine (Paris IX) - 2001
In this article, the author inverses the traditional approach (does corporate governance favour innovation?) considering how innovation influences corporate governance in the European telecommunication sector.
Persistent link: https://www.econbiz.de/10010706838
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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