IDEAS home Printed from https://ideas.repec.org/a/cai/refaef/ecofi_137_0173.html
   My bibliography  Save this article

Gouvernance d'entreprise : quarante ans d'évolution

Author

Listed:
  • Thibault Darcillon
  • Antoine Rebérioux

Abstract

This article examines changes in corporate governance, in Europe and in the U.S.A, from the late 1970s to the present. The financial liberalisation and globalisation movements have been associated with a rise of investment funds in the equity capital of large listed companies, in the 1980s and 1990s. At the same time, legal reforms have enhanced the rights of these minority shareholders. As a result, significant changes in corporate governance practices have taken place (composition of company boards, executive compensation, profit distribution, etc.). In the 2000s, we observe a shift towards a governance less focused on the return on investment for minority shareholders. A number of rules and practices have developed, aimed at limiting the short-term effects of market finance and at fostering the ecological and social transition. Classification JEL : G32, G38.

Suggested Citation

  • Thibault Darcillon & Antoine Rebérioux, 2020. "Gouvernance d'entreprise : quarante ans d'évolution," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 173-185.
    • Handle: RePEc:cai:refaef:ecofi_137_0173
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_137_0173
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-financiere-2020-1-page-173.htm
    Download Restriction: free
    ---><---

    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:refaef:ecofi_137_0173. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-financiere.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.