Narrow search
Showing 1 - 10 of 442
Cover Image
Performance and Behaviour of Family Firms: Evidence from the French Stock Market
Sraer, David; Thesmar, David - C.E.P.R. Discussion Papers - 2004
We look at the corporate performance of family firms listed on the French stock exchange between 1994 and 2000. On the French stock market, approximately one third of the firms are widely held, another third are founder controlled and the remaining third are heir-controlled family firms. We find...
Persistent link: https://www.econbiz.de/10005124284
Cover Image
L'effet papillon : une forme d'apprentissage par l'échec ?
Cusin, Julien - Université Paris-Dauphine (Paris IX) - 2006
Persistent link: https://www.econbiz.de/10010707958
Cover Image
Echec d'un projet isolé et processus d'apprentissage
Cusin, Julien - Université Paris-Dauphine (Paris IX) - 2007
This paper deals with projects’ performance. To be more precise, we endeavor to redeem the concept of commercial failure, by making a critical appraisal of certain works on innovation journey. We show that product innovation is not always characterized by a stream of interdependent projects....
Persistent link: https://www.econbiz.de/10011171592
Cover Image
Endogenous Firm Objectives
Renström, Thomas I; Yalcin, Erkan - C.E.P.R. Discussion Papers - 2002
We analyse the behaviour of a monopolistic firm in general equilibrium when the firm’s decision are taken through shareholder voting. We show that, depending on the underlying distribution, rational voting may imply overproduction as well as underproduction, relative to the efficient level....
Persistent link: https://www.econbiz.de/10005789161
Cover Image
Managerial Incentives and Collusive Behaviour
Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2004
I characterize the effects of empirically observed managerial incentives on long-run oligopolistic competition. When managers have a preference for smooth time-paths of profits – as revealed by the empirical literature on ‘income smoothing’ – manager-led firms can sustain collusive...
Persistent link: https://www.econbiz.de/10005667065
Cover Image
After Voucher Privatization: The Structure of Corporate Ownership in Russian Manufacturing Industry
Earle, John S; Estrin, Saul - C.E.P.R. Discussion Papers - 1997
This paper analyses the ownership structure emerging from the Russian privatization process, using information from a … programme was completed. The Russian ownership structure calls for a new approach to the analysis of corporate control because … privatization methods for ownership structure, on the incidence of non-voting and voting shares, and on the extent of concentration …
Persistent link: https://www.econbiz.de/10005136416
Cover Image
Defensive and Strategic Restructuring in Central European Enterprises
Grosfeld, Irena; Roland, Gérard - C.E.P.R. Discussion Papers - 1995
This paper interprets the existing evidence on enterprise restructuring in Poland, Hungary and the Czech Republic. Despite differences in restructuring policies, the pattern of observed restructuring appears similar in the three countries. Contrary to initial expectations, managers of SOEs have...
Persistent link: https://www.econbiz.de/10005662184
Cover Image
Ownership structure, debt, and private benefits in controlled firms
de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2011
conflict between outside and controlling shareholders. It may self-regulate the two parties involved in a control contract. The …
Persistent link: https://www.econbiz.de/10010707651
Cover Image
Who Disciplines Management in Poorly Performing Companies?
Franks, Julian R; Mayer, Colin; Renneboog, Luc - C.E.P.R. Discussion Papers - 2001
restructuring, investors focus control on poorly performing companies. These results stand in contrast to the US, where there is …
Persistent link: https://www.econbiz.de/10005124256
Cover Image
Wage and Investment Behaviour in Transition: Evidence from a Polish Panel Data Set
Grosfeld, Irena; Nivet, Jean-François - C.E.P.R. Discussion Papers - 1997
privatized firms there is no positive relationship between firms’ ability to pay and wage increases. Privatization appears …
Persistent link: https://www.econbiz.de/10005124207