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Structure du capital et mesures de restructuration

Author

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  • Éric Séverin

    (Université de Lille 2)

  • Solène Dhennin

    (Université de Lille 2)

Abstract

This article deals with the relationship between capital structure and restructuring measures taken by French firms in distress. These firms use a panel of measures to face with their difficulties and leverage has a positive influence on operational restructuring measures. However, the impact of the ownership structure appears unclear. Finally, our results suggest both similarities and differences between restructuring measures of French firms and restructuring measures of American and Japanese firms.

Suggested Citation

  • Éric Séverin & Solène Dhennin, 2003. "Structure du capital et mesures de restructuration," Revue Finance Contrôle Stratégie, revues.org, vol. 6(1), pages 155-186, March.
    • Handle: RePEc:dij:revfcs:v:6:y:2003:i:q1:p:155-186
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    2. Jean-Étienne Palard, 2007. "Recentrage stratégique et politique de financement:le cas des firmes cotées en Europe (1987-2003)," Revue Finance Contrôle Stratégie, revues.org, vol. 10(3), pages 111-137, September.
    3. Yoo, Taeyoung & Jung, Dong Kwan, 2015. "Corporate governance change and performance: The roles of traditional mechanisms in France and South Korea," Scandinavian Journal of Management, Elsevier, vol. 31(1), pages 40-53.

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    More about this item

    Keywords

    leverage; capital structure; restructuring measures;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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