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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
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
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
This article tries to explain the influence of privatization on the decision making process, especially in terms of investments through the corporate governance theory. In this perspective we suggest a conceptual framework based on the analysis of disciplinary mechanisms and their dynamic as a...
Persistent link: https://www.econbiz.de/10005111107
The governance of infrastructure institutions in the financial markets – namely exchanges, central counter-parties (CCPs), and central securities depositories (CSDs) – has become a matter of significant commercial, regulatory, legislative, and even political concern. Such institutions play a...
Persistent link: https://www.econbiz.de/10013148316
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
We exploit unexpected corporate data breaches to study how firms respond to negative reputation events. Data breaches negatively affect firm profitability, value, and reputation for years following the event, but are not triggered by high or low reputations. In response, firms increase their...
Persistent link: https://www.econbiz.de/10011897968
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
We question previous research assuming that privatizing firm performance generally benefits from decreasing state ownership and the passage of time, both of which purportedly align principal-agent incentives promoting organizational decision-making that increases shareholder value. When state...
Persistent link: https://www.econbiz.de/10014047034
Critics of privatization argue that privatization encourages providers to lobby for industry expansion. I argue that this is not generally true when public-sector actors also lobby. Where the effectiveness of advocacy depends on total expenditures, some initial amount of privatization always...
Persistent link: https://www.econbiz.de/10014052239