Showing 1 - 10 of 1,489
(VF)L’article présente un modèle décrivant le partage de la valeur créée entre le dirigeant et l’actionnaire. Le modèle montre que le limogeage représente une menace très dissuasive pour le dirigeant qui suffit le plus souvent à réfréner son appétit pour les prélèvements...
Persistent link: https://www.econbiz.de/10005111171
The purpose of this paper is to investigate empirically the determinants of financial structure in the Moroccan manufacturing firms. The paper contributes to the empirical literature on capital structure in developing countries. It relies on the data collected by the Firm Analysis and...
Persistent link: https://www.econbiz.de/10015260386
We examine PME trade credit use across industry sectors in France between 2001 and 2010. Our main results provide evidence that suppliers efficiently deal with informational problems. First, we notice that trade credit is more important in firms total funding in sectors where standard deviations...
Persistent link: https://www.econbiz.de/10015239802
Les PME-ETI cotées en bourse sont plus hétérogènes que leurs homologues non cotées en termes de dynamisme et de performance. En 2009, les plus rentables montrent une capacité de rebond supérieure.
Persistent link: https://www.econbiz.de/10009228687
Les grands groupes confirment leurs bonnes performances au cours du premier semestre 2011 à tous les niveaux : résultats, investissements, structure financière, trésorerie. Des éléments d’incertitude apparaissent : la conjoncture, la volatilité de certaines composantes des fonds propres...
Persistent link: https://www.econbiz.de/10009399331
In the theoretical framework of corporate governance this article studies the efficiency of the control exerted by the …
Persistent link: https://www.econbiz.de/10009002003
Dans ce travail, nous étudions les raisons qui poussent les actionnaires d'origine à céder leurs actions lors de l'introduction en bourse. Sur un échantillon de 402 introductions réalisées en France entre 1986 et 2000, nous mettons en évidence des motivations différentes selon que...
Persistent link: https://www.econbiz.de/10005111328
Value based management was considered as the major managerial innovation of the nineties: managers were to supposed to …
Persistent link: https://www.econbiz.de/10008493134
.(VA)Mainstream explanations of corporate governance work from an essentially disciplinary perspective. The creation of value, however, is not … enterprise. The present paper hence attempts to contribute to integrate disciplinary and cognitive explanations of governance. It …
Persistent link: https://www.econbiz.de/10005111204
Our purpose is to explore an alternative way to give new foundations to the theory of corporate finance and governance …. The definition we give of corporate finance considers capital-budgeting as central. The shortcomings of the contract … equity financing, financial debt and especially of internal financing, and to re-examine the corporate governance and …
Persistent link: https://www.econbiz.de/10005111090