Several papers have shown that France has a lower share of firms with more than 50 employees than other developed … at 10, 20 and 50 employees could explain part of this phenomenon. For instance, firms with more than 50 employees have … discourage SMEs from growing over the threshold of 50 employees. For this reason, the French government has decided (law of …

research, in law and economics. Two distinctive models might be identified. The first one gives primacy to the interests of …Board of directors independence has been a focus for a large series of studies in finance. The overall evidence … suggests that independence has no or negative effect on firm performance. Director accountability constitutes a second topic of …