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Actionnariat salarié, gouvernance et performance de la firme : une étude de cas économétrique portant sur un groupe français coté

Author

Listed:
  • Nicolas Aubert
  • Virgile Chassagnon
  • Xavier Hollandts

Abstract

?In market economies based on knowledge, human capital and employees are the main drivers of firms? competitive advantage. Some scholars underline the positive role that employees can play in the governance of the modern firm through their potential participation in the firm?s shareholding. However, the relationship between employee ownership and performance is not clearly supported in the academic literature. This paper contributes to this academic debate by testing the impact of employee ownership on corporate performance. We focus the study on employee ownership as an institutional instrument of corporate governance and examine more precisely the relationship between employee ownership and corporate performance in 900 subsidiaries of a French listed group (belonging to the CAC 40) over a period of five years. The study shows that employee ownership positively affects corporate performance.?

Suggested Citation

  • Nicolas Aubert & Virgile Chassagnon & Xavier Hollandts, 2016. "Actionnariat salarié, gouvernance et performance de la firme : une étude de cas économétrique portant sur un groupe français coté," Revue d'économie industrielle, De Boeck Université, vol. 0(2), pages 151-176.
    • Handle: RePEc:cai:reidbu:rei_154_0151
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