Corporate governance and firm characteristics as explanatory factors of shareholder activism : validation through the French context

Siala Bouaziz Souha and Jarboui Anis

This study deals with the major determinants of company shareholder activism investigated with according to a set of SBF 120 listed firms. Based on a sample of 77 companies, observed over the period 2008-2012, we are led to conclude that some firm governance characteristics do appear to affect shareholding activism. In addition, it has been revealed that the presence of institutional investors, ownership concentration, leaders' presence in the capital, control structure, leadership change, firm growth as well as leverage level appear to have a significant influence on the probability of activism to take place.

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Year of publication:	18 April 2016
Authors:	Souha, Siala Bouaziz ; Anis, Jarboui
Published in:	Cogent economics & finance. - Abingdon : Taylor & Francis, ISSN 2332-2039, ZDB-ID 2773198-4. - Vol. 4.2016, 1 (18.4.), p. 1-19
Subject:	shareholder activism \| corporate governance \| firm characteristics \| Corporate Governance \| Corporate governance \| Frankreich \| France \| Aktionäre \| Shareholders \| Shareholder Value \| Shareholder value \| Unternehmenserfolg \| Firm performance \| Aktive Aktionäre \| Activist shareholders

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1080/23322039.2016.1150407 [DOI] hdl:10419/147797 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011487642