IDEAS home Printed from https://ideas.repec.org/a/cai/reidbu/rei_154_0177.html
   My bibliography  Save this article

French connection: interlocking directorates and ownership network in an insider governance system

Author

Listed:
  • Tristan Auvray
  • Olivier Brossard

Abstract

?We show that single and multiple overlapping directorships of large French listed corporations are highly explained by their ownership connections. Both large and small stakes, from 1% to 20% of cash-flow rights or voting rights, have high explanatory power. We provide evidence also of the existence of a positive relationship between the size of a shareholding and the strength of the correlation between ownership ties and overlapping directorates. Finally, we demonstrate that causality goes from ownership to interlocking directorates, for both unilateral stakes and cross-shareholdings.?

Suggested Citation

  • Tristan Auvray & Olivier Brossard, 2016. "French connection: interlocking directorates and ownership network in an insider governance system," Revue d'économie industrielle, De Boeck Université, vol. 0(2), pages 177-206.
    • Handle: RePEc:cai:reidbu:rei_154_0177
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REI_154_0177
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-industrielle-2016-2-page-177.htm
    Download Restriction: free
    ---><---

    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:reidbu:rei_154_0177. 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-industrielle.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.