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Gouvernance des entreprises:valeur partenariale contre valeur actionnariale

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  • Gérard Charreaux
  • Philippe Desbrières

    (Université de Bourgogne)

Abstract

Unsatisfied with the dominating shareholders'view, that we find unfitted to build a relevant theory of corporate governance, we propose an enlarged definition of the value which may be called, the stakeholder value. This definition and the associated measure are supposed to be more fitted to the stakeholder view of the firm and more relevant to understand the value creation and sharing mechanisms.

Suggested Citation

  • Gérard Charreaux & Philippe Desbrières, 1997. "Gouvernance des entreprises:valeur partenariale contre valeur actionnariale," Working Papers CREGO 0970801, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    • Handle: RePEc:dij:wpfarg:0970801
    Note: article publié dans Finance Contrôle Stratégie, vol.1, n°2, juin 1998,p.57-88.
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    References listed on IDEAS

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    More about this item

    Keywords

    shareholder value; stakeholder value; corporate governance; value creation; value sharing.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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