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Structure de propriété et sous-performance des firmes:une étude empirique sur le marché au comptant, le règlement mensuel et le second marché

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Author Info
Rajaa Mtanios
Mathieu Paquerot () (Université de Bourgogne)
Abstract

Cet article porte sur l'influence de la structure de propriété sur la sous-performance des firmes de la bourse de Paris. Selon la théorie de l'agence deux composantes de la structure de propriété, la concentration du capital et la nature des actionnaires peuvent influencer la performance. Les résultats font ressortir des différences significatives entre les différents marchés. Ils ne permettent pas, en revanche, de corroborer les hypothèses émises par la théorie de l'agence.

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File URL: http://www.u-bourgogne.fr/LEG/WP/0991202.pdf
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Publisher Info
Paper provided by Université de Bourgogne - Latec/Fargo (Research center in Finance,organizational ARchitecture and GOvernance) in its series Working Papers FARGO with number 0991202.

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Length: 28 pages
Date of creation: Dec 1999
Date of revision:
Publication status: published in Finance Contrôle Stratégie, vol.2, n°4, décembre 1999, p.157-179.
Handle: RePEc:dij:wpfarg:0991202

Note: article publié dans Finance Contrôle Stratégie, vol.2, n°4, décembre 1999, p.157-179.
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Postal: 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France
Phone: +33(0)380395435
Fax: +33(0)380395488

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Postal: Gérard Charreaux, Fargo-Latec, Université de Bourgogne 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France

For technical questions regarding this item, or to correct its listing, contact: (Gérard Charreaux).

Related research
Keywords: théorie de l'agence; structure de propriété; performance; gouvernement d'entreprise.;

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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

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