(VF)Cette étude s’intéresse aux déterminants de la rémunération des administrateurs externes des sociétés du SBF 120. Nos résultats mettent en évidence l’incidence de la structure de propriété de l’entreprise sur cette rémunération. La rémunération est en effet d’autant...

(VF)Cette étude s’intéresse à l’incidence des mécanismes de gouvernance sur le niveau de rémunération des dirigeants. À partir d’un échantillon de 132 entreprises françaises cotées, nous examinons l’impact des caractéristiques du conseil d’administration, de l’existence...

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 en-trenchment theory and agency theory allows to determine the necessary conditions of the...

A system of corporate governance consists of the set of mechanisms which constrain managerial discretion. A rapid comparison of the institutional contexts of different countries indicates that corporate governance depends on the national environment of the firm. At the same time, national...

Audit committees are viewed as a relevant mechanism allowing to improve the corporate governance in the French context. Several factors encourage the formation of audit committees:management misbehavior, the weakness of the performances of certain companies, the inter-nationalization of the...

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...

This article is about the way of combining different governance mechanisms during the decision-making process. In particular, we study the strategic growth of AXA, an insurance group, from 1987 to 1994, and how its manager used mutual-specific governance mechanisms to maintain his discretionary...

(VF)Une bonne gouvernance d’entreprise s’articule autour des principes de transparence, d’imputabilité, d’équité et de croissance saine de l’entreprise. Cette étude examine l’évolution des caractéristiques du conseil d’administration des sociétés d’État canadiennes de...

(VF)Cet article propose d’évaluer les relations entre les réformes en matière de gouvernance d’entreprise et la réorganisation du système financier en France. L’objectif est de discuter la thèse selon laquelle il existe une relation forte et stable entre tradition juridique, niveau...

Product markets are weaker in some nations than they are in others. Weaker product markets, and the concomitant monopoly rents, can affect corporate governance. They can do so directly by loosening a constraint on managers, thereby increasing managerial agency costs to shareholders. The monopoly...