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-making power concerning their future. This relative `forfeiture' of their independence is initially due to a governance which flees …' products, proceed from the same weakening of the regional `governance'. On the basis of the principle that the current markets …
Persistent link: https://www.econbiz.de/10005040811
two phases: the link between structure and property rights on the one hand; the link between governance structure and …
Persistent link: https://www.econbiz.de/10005007493
(VF)L’article présente un modèle décrivant le partage de la valeur créée entre le dirigeant et l’actionnaire. Le modèle montre que le limogeage représente une menace très dissuasive pour le dirigeant qui suffit le plus souvent à réfréner son appétit pour les prélèvements...
Persistent link: https://www.econbiz.de/10005111171
Value based management was considered as the major managerial innovation of the nineties: managers were to supposed to be turned into owners through redesigned compensation packages including value creation metrics such as EVA and the like, increased influence of shareholders on firms’...
Persistent link: https://www.econbiz.de/10008493134
demonstrated his dedication to the corporate governance rules instigated by the Viénot report in 1995. In France, the minority … bylaws following the principle of « comply or justify ». The governance question is a major issue for a company's development …. Even the biggest firms on the stock exchange are slow to adopt the corporate governance recommendations, despite the …
Persistent link: https://www.econbiz.de/10012204055
This paper analyses the path of private consumption and its main macroeconomic determinants. These are related to the life-cycle approach which helps explaining consumption smoothing. In that respect, it is important to go beyond the simple correlation between current disposable income and...
Persistent link: https://www.econbiz.de/10011506561
This paper provides an extensive overview of the economic importance and development of the Port Autonome de Liège, over the period 1997 - 2002. Focusing on the three major variables of value added, salaried employment and investment, it also provides information about the financial situation...
Persistent link: https://www.econbiz.de/10011506586
The Port Autonome de Liège, with its 26 kilometres of berths and several multimodal platforms, plays an important role in the Walloon and Belgian economy. This update paper gives an extensive overview of the economic importance and the latest developments of the Port Autonome de Liège, through...
Persistent link: https://www.econbiz.de/10011506597
This paper is an annual publication prepared by the Microeconomic Analysis unit of the National Bank of Belgium. The Flemish maritime ports -Antwerp, Ghent, Ostend, Zeebrugge- and the Autonomous Port of Liège play a major role in their respective regional economies and in the Belgian economy,...
Persistent link: https://www.econbiz.de/10011506608
This paper is an annual publication issued by the Microeconomic Analysis service of the National Bank of Belgium. The Flemish maritime ports (Antwerp, Ghent, Oostend, Zeebrugge), the Autonomous Port of Liège and the port of Brussels play a major role in their respective regional economies and...
Persistent link: https://www.econbiz.de/10011506692