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theoretical arguments and empirical evidence about relationship between privatization and performance shows that the well …-accepted hypothesis of performance increase after privatization is still much debated. We develop a stakeholder approach of corporate …
Persistent link: https://www.econbiz.de/10005111292
of the corporate governance theory suggests a renewal of the analysis of privatization which is still much debated … of Air France, partially privatized in 1999. The case shows the organizational impacts of privatization, both on the …
Persistent link: https://www.econbiz.de/10005604447
. A reading of the process of privatization through the corporate governance theory resulted in working out a model making … it possible to take into account, on the one hand, the time dimension of the process of privatization, on the other hand … traditionally to privatizations is not truly confirmed for French privatizations, at least on the horizon considered. Privatization …
Persistent link: https://www.econbiz.de/10005466888
(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...
Persistent link: https://www.econbiz.de/10008625957
Unsatisfied with the dominating shareholders'view, that we find unfitted to build a relevant theory of corporate governance, we propose an enlarged definition of the value which may be called, the stakeholder value. This definition and the associated measure are supposed to be more fitted to the...
Persistent link: https://www.econbiz.de/10005111249
of crafting different control instances in order to provide checks on validity. …
Persistent link: https://www.econbiz.de/10005111255
This article deals with interlocking directorates and the increasing attention this topic has been attracting in recent years. Financial theory tends to regard the subject of directorship interlocks generally negative, even if theoretical argumentation also allows speaking favoura-bly of the...
Persistent link: https://www.econbiz.de/10005111270
The referring corporate governance approach considers that the firm manager has a central position towards the other stakeholders (SH):shareholders, employees, financial creditors. These SH invest specific capital into the firm. The mechanisms protecting each SH's investment are compared within...
Persistent link: https://www.econbiz.de/10005111282
(VF)L'objectif de cet article est de proposer une présentation synthétique du système de gouvernance français;(VA)The objective of this article is to shortly describe the French corporate governance system.
Persistent link: https://www.econbiz.de/10005111310
legitimacy such that even companies with a rather concentrated control structure feel compelled to state their conformity with …
Persistent link: https://www.econbiz.de/10005111327