Advanced Search
MyIDEAS: Login

La recherche en finance d’entreprise:quel positionnement méthodologique ?

Contents:

Author Info

  • Gérard Charreaux

    ()
    (Université de Bourgogne)

Abstract

(VF)Après avoir effectué, dans une première partie, un état des lieux permettant de préciser notamment la nature des questions que se posent les chercheurs en finance d’entreprise et les méthodes qu’ils emploient, la seconde partie est consacrée au positionnement de la recherche en finance d’entreprise et gouvernance sur le plan méthodologique. L’analyse fait ressortir tant l’importance de la modélisation sous ses différentes formes, qu’elle se rattache à la tradition de l’économie néoclassique ou à celle de l’économie néo-institutionnelle, que des travaux empiriques s’inscrivant dans le prolongement de cette modélisation. Sur le plan épistémologique, la recherche en finance d’entreprise semble se rattacher davantage à la tradition Millienne plutôt qu’à l’instrumentalisme ou à l’infirmationnisme.(VA)After examining, in a first section, the nature of the questions raised by researchers in corporate finance and of the methods they use, the second section is devoted to the methodological positioning of research in corporate finance and governance. The analysis emphasizes both the importance of modelling in its various forms, related to the traditions of neo-classical or neo-institutional economics, and of the empirical work associated with the models. On the epistemological level, research in corporate finance and governance seems to be attached to the Millian tradition rather than to instrumentalism or refutationism.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://leg2.u-bourgogne.fr/rev/112b290.pdf
Download Restriction: no

Bibliographic Info

Article provided by revues.org in its journal Revue Finance Contrôle Stratégie.

Volume (Year): 11 (2008)
Issue (Month): Special (June)
Pages: 237-290

as in new window
Handle: RePEc:dij:revfcs:v:11:y:2008:i:q2:p:237-290

Contact details of provider:
Web page: http://www.revues.org/

Order Information:
Email:

Related research

Keywords: finance d’entreprise; modèles; instrumentalisme; infirmationnisme; corporate finance; models; instrumentalism; refutationism.;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Maki, Uskali, 2000. "Kinds of Assumptions and Their Truth: Shaking an Untwisted F-Twist," Kyklos, Wiley Blackwell, vol. 53(3), pages 317-36.
  2. Friend, Irwin, 1973. "Mythodology in Finance," Journal of Finance, American Finance Association, vol. 28(2), pages 257-72, May.
  3. Eric M. Leeper & Christopher A. Sims & Tao Zha, 1996. "What Does Monetary Policy Do?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(2), pages 1-78.
  4. Uskali Mäki, 2004. "Theoretical isolation and explanatory progress: transaction cost economics and the dynamics of dispute," Cambridge Journal of Economics, Oxford University Press, vol. 28(3), pages 319-346, May.
  5. Rene M. Stulz, 2005. "The Limits of Financial Globalization," NBER Working Papers 11070, National Bureau of Economic Research, Inc.
  6. Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521425230, October.
  7. Jensen, Michael C. & Fama, Eugene F. & Long, John Jr. & Ruback, Richard S. & Schwert, G. William & Smith, Clifford Jr. & Warner, Jerold, 1989. "Clinical papers and their role in the development of financial economics," Journal of Financial Economics, Elsevier, vol. 24(1), pages 3-6, September.
  8. Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521415019, October.
  9. Morgan, Theodore, 1988. "Theory versus Empiricism in Academic Economics: Update and Comparison s," Journal of Economic Perspectives, American Economic Association, vol. 2(4), pages 159-64, Fall.
  10. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471, October.
  11. Boland, Lawrence A, 1979. "A Critique of Friedman's Critics," Journal of Economic Literature, American Economic Association, vol. 17(2), pages 503-22, June.
  12. Mary Morgan, 2001. "Models, stories and the economic world," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(3), pages 361-384.
  13. David Colander, 2000. "New Millennium Economics: How Did It Get This Way, and What Way Is It?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 121-132, Winter.
  14. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58, pages 211.
  15. Frankfurter, George M. & McGoun, Elton G., 1999. "Ideology and the theory of financial economics," Journal of Economic Behavior & Organization, Elsevier, vol. 39(2), pages 159-177, June.
  16. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
  17. G. Hodgson., 2007. "What Are Institutions?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
  18. Thorsten Beck & Asli Demirgüç-Kunt & Vojislav Maksimovic, 2005. "Financial and Legal Constraints to Growth: Does Firm Size Matter?," Journal of Finance, American Finance Association, vol. 60(1), pages 137-177, 02.
  19. Zimmerman, Jerold L., 2001. "Conjectures regarding empirical managerial accounting research," Journal of Accounting and Economics, Elsevier, vol. 32(1-3), pages 411-427, December.
  20. Hélène Rainelli-Le Montagner, 2008. "Finance d'entreprise:voix nouvelles et nouvelles voies," Revue Finance Contrôle Stratégie, revues.org, vol. 11(Special), pages 291-313, June.
  21. Michael C. Jensen & William H. Meckling, 1994. "The Nature Of Man," Journal of Applied Corporate Finance, Morgan Stanley, vol. 7(2), pages 4-19.
  22. Graham, John R. & Harvey, Campbell R., 2001. "The theory and practice of corporate finance: evidence from the field," Journal of Financial Economics, Elsevier, vol. 60(2-3), pages 187-243, May.
  23. Miller, Merton H, 1977. "Debt and Taxes," Journal of Finance, American Finance Association, vol. 32(2), pages 261-75, May.
  24. Tufano, Peter, 2001. "HBS-JFE conference volume: complementary research methods," Journal of Financial Economics, Elsevier, vol. 60(2-3), pages 179-185, May.
  25. William H. Meckling, 1976. "Values and the Choice of the Model of the Individual in the Social Sciences," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 112(IV), pages 545-560, December.
  26. Kevin D. Hoover, . "Econometrics And Reality," Department of Economics 97-28, California Davis - Department of Economics.
  27. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert Vishny, 1999. "Investor Protection and Corporate Valuation," Harvard Institute of Economic Research Working Papers 1882, Harvard - Institute of Economic Research.
  28. SALMON, Pierre, 1999. "Modèles et mécanismes en économie: essai de clarification de leurs relations," LATEC - Document de travail - Economie (1991-2003) 1999-15, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne.
  29. Durnev, Art & Kim, E. Han, 2004. "To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation," CEI Working Paper Series 2004-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
  30. Dewald, William G & Thursby, Jerry G & Anderson, Richard G, 1986. "Replication in Empirical Economics: The Journal of Money, Credit and Banking Project," American Economic Review, American Economic Association, vol. 76(4), pages 587-603, September.
  31. Isabelle Huault & Hélène Rainelli Le Montagner, 2007. "Innovations financières : construire et légitimer un nouveau marché financier de gré à gré," Post-Print halshs-00150768, HAL.
  32. Hands,D. Wade, 2001. "Reflection without Rules," Cambridge Books, Cambridge University Press, number 9780521797962, October.
  33. Lawson, Tony, 1989. "Realism and Instrumentalism in the Development of Econometrics," Oxford Economic Papers, Oxford University Press, vol. 41(1), pages 236-58, January.
  34. Mara Faccio & Ronald W. Masulis, 2005. "The Choice of Payment Method in European Mergers and Acquisitions," Journal of Finance, American Finance Association, vol. 60(3), pages 1345-1388, 06.
  35. Gérard Charreaux, 1998. "La théorie positive de l'agence:lecture et relectures..," Working Papers CREGO 0980901, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
  36. Deirdre N. McCloskey & Stephen T. Ziliak, 1996. "The Standard Error of Regressions," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 97-114, March.
  37. Fabian Muniesa & Michel Callon, 2008. "La performativité des sciences économiques," Post-Print halshs-00258130, HAL.
  38. McGoun, Elton G., 2003. "Finance models as metaphors," International Review of Financial Analysis, Elsevier, vol. 12(4), pages 421-433.
  39. Caldwell, Bruce J, 1991. "Clarifying Popper," Journal of Economic Literature, American Economic Association, vol. 29(1), pages 1-33, March.
  40. Thomas Mayer, . "Data Mining: A Reconsideration," Department of Economics 97-15, California Davis - Department of Economics.
  41. Merton H. Miller & Franco Modigliani, 1961. "Dividend Policy, Growth, and the Valuation of Shares," The Journal of Business, University of Chicago Press, vol. 34, pages 411.
  42. Nandini Gupta, 2005. "Partial Privatization and Firm Performance," Journal of Finance, American Finance Association, vol. 60(2), pages 987-1015, 04.
  43. Marianne P. Bitler & Tobias J. Moskowitz & Annette Vissing-Jørgensen, 2005. "Testing Agency Theory with Entrepreneur Effort and Wealth," Journal of Finance, American Finance Association, vol. 60(2), pages 539-576, 04.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Kirsten Burkhardt, 2011. "Le rôle des sociétés de capital-risque dans la formation d’alliances stratégiques:Une synthèse de littérature - The Role of Venture Capitalists in the Formation of Strategic Alliances:An acade," Working Papers CREGO 1111102, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:dij:revfcs:v:11:y:2008:i:q2:p:237-290. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gérard Charreaux).

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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