This paper aims at clarifying the relationship between institutional owners and firms' financial performance. We distinguish two categories of institutional investors: French and foreign. We examine also the nature of relations that may develop with firms. Our results for a sample of French...

This paper aims at clarifying the relation between institutional ownership and firm performance. We propose in this context a new typology of institutional investors based on their behaviours (active or passive) and the principal factors that may influence them. Globally, our results corroborate...

Institutional investors are predominant on the financial markets and are becoming more active in their portfolio management. This article attempts to enhance our understanding of the incidence of shareholder activism on market reaction in the wake of several previous American studies.Since 1999,...

The main objective of this article is to examine venture capital in France, and, in particular, the performance of Mutual Funds for Investment in Innovative Enterprises (FCPIs) which represent around 50% of venture capital funds raised. Firstly, we look at recurrent problems facing venture...