This research is focused on the study of the influence of ownership structure on the underperformance of firms in the Paris Stock Exchange. Agency theory assumes that ownership structure of a firm influences its performance and this through two of its components:the capital concentration and the...

(VF)L'objectif de l'article est de tester sur une période récente si les changements de dirigeants, suite à une mauvaise performance en France, ont permis aux firmes un retour à de meilleurs résultats. L'étude empirique, menée sur un échantillon de 160 sociétés cotées à Paris ayant...

The CEO, as an agent, tries to be better entrenched, in order to reduce the risk of being dismissed. Our entrenchment model develops the importance for the CEO to get access to networks and to attain a higher performance. From a sample of 1 747 annual observations concerning 258 CEOs of public...

What kind of modifications does bankruptcy induce on corporate governance in the French context? This issue is addressed using a conceptual framework that links together the bankruptcy process, institutional factors and the firm stakeholders' behaviour. The hypotheses built with the help of the...