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(VF)Depuis 1995, en France, nous assistons à l’institutionnalisation d’un corps de règles souvent qualifié de « meilleures pratiques » de gouvernance d’entreprise. Ces pratiques sont d’inspiration anglo-saxonne et mettent fortement l’accent sur des mécanismes censés réduire les...
Persistent link: https://www.econbiz.de/10005111227
, codes of best practice, and the like, are necessary, but underestimate the pressures from conflicts of interest and bias …
Persistent link: https://www.econbiz.de/10008539625
, codes of best practice, and the like, are necessary, but underestimate the pressures from conflicts of interest and bias …
Persistent link: https://www.econbiz.de/10005048706
In a mutual control structure agents exercise control over each other. Typical examples occur in the area of corporate governance firms and investment companies exercise mutual control, in particular by owning each others stocks. In this paper we formulate a general model for such situations....
Persistent link: https://www.econbiz.de/10010856553
This paper proposes a brief review of the use of power indices in the corporate governance literature. Without losing sight of the field of application, it places the emphasis on the game-theoretic aspects of this research and on the issues that arise in this framework. It should be noted that...
Persistent link: https://www.econbiz.de/10010883238
Persistent link: https://www.econbiz.de/10010867214
dynamics of the voting premiums, a measure of the private benefits of control in a corporation. The results indicate that the … reforms have been successful in reducing the voting premiums EU-wide. Moreover, more intense and broad reform efforts (such as … voting premiums across countries and over time. …
Persistent link: https://www.econbiz.de/10005825659
Persistent link: https://www.econbiz.de/10005701352
We analyze the voting behavior of a board of directors that has to approve (or reject) an investment proposal with … obstacle to profit maximization provided that an appropriate sequential voting protocol is followed. We also show that a proper …
Persistent link: https://www.econbiz.de/10008799960
We analyze the voting behavior of a board of directors that has to approve (or reject) an investment proposal with … obstacle to profit maximization provided that an appropriate sequential voting protocol is followed. We also show that a proper …
Persistent link: https://www.econbiz.de/10008833882