Convergence des pratiques de gouvernance dans les grandes sociétés cotées à actionnariat dispersé PDF Download

Author: Erik Pichet
Publisher:
ISBN:
Category :
Languages : fr
Pages :

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Author: Éric Pichet
Publisher:
ISBN:
Category :
Languages : fr
Pages : 1136

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Book Description
La question de la convergence éventuelle des pratiques de gouvernement d'entreprise fait actuellement l'objet d'âpres débats au sein de la communauté des chercheurs. Nous l'abordons à partir du concept de valeur actionnariale, dans un cadre théorique intégrant les apports du courant contractualiste (pour l'analyse de la répartition de la rente organisationnelle) et du courant cognitif (pour l'analyse de la création de valeur par la firme) en sciences de gestion, mais aussi en sciences économiques. Sur un échantillon de 200 des grandes sociétés cotées de dimension mondiale (les global players) et à actionnariat dispersé, nous montrons qu'il existe, entre 1995 et 2005, un mouvement de convergence des pratiques de gouvernance (hypothèse principale), ainsi qu'une accélération de cette convergence (hypothèse secondaire). Nous analysons ensuite les causes de ce processus convergence et dégageons des principes fondamentaux de Gouvernement d'entreprise pour les grandes sociétés cotées. Ce travail ouvre des perspectives de recherches élargies au champs des sociétés cotées et contribue à la construction d'une nouvelle théorie de la gouvernance d'entreprise qui synthétiserait les visions contractualiste et cognitiviste.

Author: Eric Pichet
Publisher:
ISBN: 9782913068391
Category : Boards of directors
Languages : fr
Pages : 481

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Author: Andrei Shleifer
Publisher: OUP Oxford
ISBN: 0191606898
Category : Business & Economics
Languages : en
Pages : 295

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The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents and empirically evaluates models of such inefficient markets. Behavioral finance models both explain the available financial data better than does the efficient markets hypothesis and generate new empirical predictions. These models can account for such anomalies as the superior performance of value stocks, the closed end fund puzzle, the high returns on stocks included in market indices, the persistence of stock price bubbles, and even the collapse of several well-known hedge funds in 1998. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.

Author: Adolf Augustus Berle
Publisher:
ISBN:
Category : Corporation law
Languages : en
Pages : 396

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Author: Mark J. Roe
Publisher: Oxford University Press, USA
ISBN: 9780199205301
Category : Business & Economics
Languages : en
Pages : 260

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In a painstaking analysis, Roe (law, Harvard Law School) examines the impact of a nation's strong social policies on the corporate governance, suggesting that stronger social policies can cause an American style of diffuse ownership among shareholders to fail. The link between social policies and corporate governance is examined statistically for a large number of countries, and in case studies for seven: Italy, Germany, Sweden, the UK, France, Japan, and the US. Product markets, securities markets, and the ability of corporate and economic structures to induce a political backlash are discussed. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).

Author: Ronald S. Burt
Publisher: New York : Academic Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 360

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Author: Oliver Marnet
Publisher: Routledge
ISBN: 1134073682
Category : Business & Economics
Languages : en
Pages : 318

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Corporate scandals due to bad accounting happen too frequently for a system of corporate governance to be deemed effective. Exploring the reasons behind corporate misbehaviour, this book also answers the question of whether recent reforms are sufficient to prevent further scandals from occurring in the future.

Author: Jan Fagerberg
Publisher: Oxford University Press
ISBN: 0199286809
Category : Business & Economics
Languages : en
Pages : 676

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Book Description
This handbook provides academics and students with a comprehensive and holistic understanding of the phenomenon of innovation.

Author: J. Chalaby
Publisher: Springer
ISBN: 0230376177
Category : Literary Criticism
Languages : en
Pages : 217

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This book argues that journalism is a more recent invention than most authors have acknowledged so far. The profession of the journalist and the journalistic discourse are the products of the emergence, during the second half of the 19th century, of a specialized field of discursive production, the journalistic field. This book analyses the emergence of journalism and examines the development of discursive norms, practices and strategies that are characteristic of this discourse.