Une comparaison rapide des contextes institutionnels de différents pays indique que le gouvernement des entreprises n'est pas indépendant de l'environnement national, dans lequel évolue la firme. En même temps, les systèmes de gouvernement des entreprises à l'intérieur d'un pays ne sont pas sta-tiques, mais subissent des changements au cours du temps. L'objectif du présent article est de proposer un cadre conceptuel, permettant d'expliquer les mécanismes du processus de changement des contraintes pesant sur l'espace discrétionnaire du dirigeant. L'étude d'un cas concret, à savoir le rapprochement de Krupp et Thyssen en Allemagne, nous sert à illustrer la plausibilité de nos hypothèses théoriques.
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Paper provided by Université de Bourgogne - LEG/Fargo (Research center in Finance,organizational ARchitecture and GOvernance) in its series Working Papers FARGO with number
0990302.
Length: 30 pages Date of creation: Mar 1999 Date of revision: Publication status: published in Finance Contrôle Stratégie, vol.2, n°1, mars 1999, p.117-143. Handle: RePEc:dij:wpfarg:0990302
Note: article publié dans Finance Contrôle Stratégie, vol.2, n°1, mars 1999, p.117-143. Contact details of provider: Postal: 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France Phone: +33(0)380395435 Fax: +33(0)380395488
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Find related papers by JEL classification: G30 - Financial Economics - - Corporate Finance and Governance - - - General G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure
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.:
RAFAEL LaPORTA & FLORENCIO LOPEZ-de-SILANES & ANDREI SHLEIFER & ROBERT W. VISHNY, .
"Legal Determinants of External Finance,","
CRSP working papers
324, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
La Porta, Rafael & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997.
" Legal Determinants of External Finance,"
Journal of Finance,
American Finance Association, vol. 52(3), pages 1131-50, July.
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