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Privatization and Stakeholder Governance:Theoretical and Methodological issues;Privatisation et gouvernance partenariale enjeux théoriques et méthodologiques
Chatelin, Céline - Université de Bourgogne - CREGO EA7317 Centre de … - 2003
Une revue des arguments théoriques et des résultats empiriques sur la relation particulière privatisation …-performance montre que l'hypothèse d'accroissement de performance induit par la privatisation est encore très controversée. Nous … la dynamique organisationnelle sous-jacente à la privatisation. Nous concluons sur ses perspectives de développement afin …
Persistent link: https://www.econbiz.de/10005111292
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Privatization of Air France:A Test of The Stakeholder Corporate Governance Theory;La privatisation d'Air France : un test de la théorie de la gouvernance partenariale
Chatelin, Céline - Université de Bourgogne - CREGO EA7317 Centre de … - 2003
La théorie de la gouvernance partenariale permet de renouveler la lecture de la privatisation encore très controversée …'impact organisationnel de la privatisation sur le processus décisionnel et sur le système de gouvernance de l'entreprise, entamé bien avant l …
Persistent link: https://www.econbiz.de/10005604447
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Privatisation, gouvernement d'entreprise et processus décisionnel:une intégration de la dynamique organisationnelle à travers le cas de France Télécom
Catelin, Carine; Chatelin, Céline - Université de Bourgogne - CREGO EA7317 Centre de … - 2001
expliquer l'incidence de la privatisation sur le processus décisionnel, notamment en matière d'investissement. L'examen des …
Persistent link: https://www.econbiz.de/10005111265
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Abolition of the Corporate Duty to Creditors
Hu, Henry T. C. - 2007
The corporation's core objective is to further the interests of shareholders. But one judicially crafted exception has long existed. In many jurisdictions around the world, financial distress mandates a shift to a duty to creditors. In May 2007, the Delaware Supreme Court announced a modern law...
Persistent link: https://www.econbiz.de/10012777256
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Du processus d'élaboration du cadre conceptuel en gouvernance d'entreprise A development process Of a conceptual framework of corporate governance
Chatelin, Céline; Trebucq, Stéphane - Université de Bourgogne - CREGO EA7317 Centre de … - 2002
We try to provide an historical approach of the construction process of a corporate governance framework. We expose simultaneously the remarkable stability of themes and the permanence of underlying problems. As a result, the corporate governance framework is still under discussion, and its...
Persistent link: https://www.econbiz.de/10005604444
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Corporate Governance in der Energiewirtschaft – zwischen Unternehmenswert und Public Value
Ahrend, Klaus-Michael - Deutsche Zentralbibliothek für … - 2014
Eine verantwortungsvolle Corporate Governance soll dazu beitragen, dass einerseits das Energieunternehmen und andererseits der wesentliche Gesellschafter, die Kommune, bei der Erfüllung ihrer Ziele unterstützt werden. Wie jeder private Anteilseigner strebt die politische Führung einer Kommune...
Persistent link: https://www.econbiz.de/10011139796
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The Free Cash Flow Theory of Takeovers : A Financial Perspective on Mergers and Acquisitions and the Economy
Jensen, Michael C. - 2006
Through dozens of studies, economists have accumulated considerable evidence and knowledge on the effects of the takeover market. Most of the earlier work is well summarized elsewhere (Jensen and Ruback (1983); Jensen (1984); Jarrell, Brickley and Netter (1988)). Here, I focus on current aspects...
Persistent link: https://www.econbiz.de/10012735605
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Agency Cost of Free Cash Flow, Corporate Finance, and Takeovers
Jensen, Michael C. - 2006
The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows--more cash than profitable investment opportunities. The theory...
Persistent link: https://www.econbiz.de/10012735750
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The Internal Governance of Firms
Acharya, Viral V. - 2018
We develop a model of internal governance where the self-serving actions of top management are limited by the potential reaction of subordinates. Internal governance can mitigate agency problems and ensure that firms have substantial value, even with little or no external governance by...
Persistent link: https://www.econbiz.de/10012706398
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Firm and Managerial Incentives to Manipulate the Timing of Project Resolution
Hirshleifer, David A. - 2014
A manager who wants to be viewed favorably has an incentive to advance or delay the arrival of information about his firm's profitability. In the model, a high ability manager tries to advance resolution of a likely-favorable outcome, while a low ability manager may defer resolution. Such...
Persistent link: https://www.econbiz.de/10012710467