French-listed companies exhibit a concentrated ownership structure, with the largest shareholder holding more voting rights than cash flow rights. This wedge predominantly stems from a typical system of double voting shares. This paper studies the acquisitions made by French-listed firms over...

We investigate the impact of family control on both the share price level and the decision to split the firm's stock. Low stock prices are associated with higher volatility and have been shown to attract more speculative trading, which may force managers to excessively focus on short-term...

This paper analyzes the social connections between a firm's chief executive officer (CEO) and its chief financial officer (CFO). We focus on French educational networks and examine the corporate governance and performance of firms whose CEO and CFO attended the same elite college (Grande...

This paper investigates the influence of family control on the quality of labor relations. Using French workplace-level data, we find that family firms experience less frequent and less intense labor conflicts. Moreover, family involvement tends to offset the negative effect of labor disputes on...

This study investigates the effect of a CEO's gender on his/her decision to engage in earnings management. We focus on private small and medium-sized enterprises (SMEs) in a code-law accounting framework, namely, that of France. From a sample of 30,476 French SMEs for the year 2012, we use...

In listed companies, some shareholders can be signatories to agreements that govern their relations. This paper investigates the effects of such agreements on the valuation of firms. I use a sample of French firms that is well suited for my analysis insofar as French law requires the disclosure...