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Les actionnaires salariés

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  • Philippe Desbrières

    ()
    (Université de Bourgogne LATEC/FARGO)

Abstract

L'actionnariat est l'une des formules de participation financière utilisées pour stimuler les efforts des salariés. Il leur permet de constituer un portefeuille de valeurs mobilières et d'acquérir, souvent dans des conditions avantageuses, des actions de la société qui les emploie. Mais il conduit les salariés à y assumer un double statut : d'apporteur de capital humain d'une part, d'apporteur de ressources financières d'autre part. Se pose alors de manière accrue le problème de la sauvegarde de leurs intérêts. Cet article s'intéresse aux conditions d'efficacité de la pratique de l'actionnariat, tant au niveau des attitudes et du comportement des salariés qu'à celui des performances individuelles et collectives. Il traite ensuite des incidences de cet actionnariat salarié sur le système de gouvernement des entreprises qui les adoptent, les droits attachés aux actions détenues par les salariés pouvant leur permettre d'exercer un contrôle effectif sur les décisions stratégiques de la firme, ou bien de servir les intérêts des dirigeants poursuivant une stratégie d'enracinement.

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Bibliographic Info

Paper provided by Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations in its series Working Papers CREGO with number 1021101.

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Length: 33 pages
Date of creation: Nov 2002
Date of revision:
Publication status: published in dans Revue Française de Gestion, n°141, novembre-décembre 2002, p.255-281.
Handle: RePEc:dij:wpfarg:1021101

Note: article publié dans Revue Française de Gestion, n°141, novembre-décembre 2002, p.255-281.
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Postal: 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France

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Postal: Angèle Renaud, CREGO, 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France
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Related research

Keywords: actionnariat-salarié; incitation; performance; gouvernance;

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References

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