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Les firmes entrepreneuriales en croissance ont-elles un système de gouvernance spécifique?

Author

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  • Peter Wirtz

    (Université Lumière (Lyon 2) – COACTIS (EA 4161) et IFGE)

Abstract

(VF)Sur la base d’un modèle générique de l’interaction entre système de gouvernance d’entreprise et espace discrétionnaire du dirigeant (Charreaux, 2008), le présent article propose un modèle spécifique de la gouvernance des firmes entrepreneuriales en hypercroissance. Ces dernières sont notamment supposées se distinguer par la présence d’un levier cognitif et comportemental fort. Une revue de la littérature empirique consacrée aux mécanismes de la gouvernance des firmes entrepreneuriales en croissance tend à confirmer cette intuition et conforte l’idée de la contingence des dispositifs de gouvernance en fonction des stades de développement. Pour l’entreprise en hypercroissance, le levier cognitif de la gouvernance apparaît comme relativement plus important que le levier disciplinaire.(VA)From a meta-model linking a firm’s corporate governance system to managerial discretion (Charreaux, 2008) the present article derives a specific corporate governance model of the high-growth entrepreneurial firm. A survey of the empirical literature on the governance of entrepreneurial firms confirms the plausibility of the theoretical framework, especially with respect to the cognitive dimension of corporate governance.

Suggested Citation

  • Peter Wirtz, 2008. "Les firmes entrepreneuriales en croissance ont-elles un système de gouvernance spécifique?," Working Papers CREGO 1080701, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
  • Handle: RePEc:dij:wpfarg:1080701
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    References listed on IDEAS

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    1. Douglas Cumming & Sofia Johan, 2007. "Advice and monitoring in venture finance," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 21(1), pages 3-43, March.
    2. Gérard Charreaux, 2008. "À la recherche du lien perdu entre caractéristiques des dirigeants et performance de la firme : gouvernance et latitude managériale," Working Papers CREGO 1080502, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    3. Rosenstein, Joseph & Bruno, Albert V. & Bygrave, William D. & Taylor, Natalie T., 1993. "The CEO, venture capitalists, and the board," Journal of Business Venturing, Elsevier, vol. 8(2), pages 99-113, March.
    4. Gérard Charreaux & Peter Wirtz, 2006. "Gouvernance des entreprises," Post-Print hal-00384939, HAL.
    5. Gérard Charreaux, 1996. "Vers une théorie du gouvernement des entreprises," Working Papers CREGO 0960501, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    6. Sapienza, Harry J. & Manigart, Sophie & Vermeir, Wim, 1996. "Venture capitalist governance and value added in four countries," Journal of Business Venturing, Elsevier, vol. 11(6), pages 439-469, November.
    7. Gérard Charreaux & Peter Wirtz, 2006. "Gouvernance des entreprises : nouvelles perspectives," Post-Print halshs-00144927, HAL.
    8. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
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    Citations

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    Cited by:

    1. Jean-Pierre Bréchet & Pierre-Yves Tougeron, 2009. "Pouvoir managérial et gouvernance dans l'entreprise patrimoniale cotée," Working Papers hal-00421220, HAL.
    2. Laurence Cohen & Peter Wirtz, 2018. "Caractéristiques des entrepreneurs, finance entrepreneuriale et trajectoires de croissance," Working Papers hal-01723858, HAL.
    3. Jonathan Labbé, 2020. "Venture capital risk, start-ups and innovation: the syndication of venture capital investments recipe [Capital-risque, start-ups et innovation : la recette du financement par syndication]," Post-Print hal-03000103, HAL.
    4. Anne Stévenot & Loris Guéry, 2010. "Le rôle «d’entrepreneur institutionnel» des capitalinvestisseurs auprès des entreprises:des influences coercitives et cognitives liées à l’importance relative des ressources," Revue Finance Contrôle Stratégie, revues.org, vol. 13(2), pages 107-144., June.

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    More about this item

    Keywords

    hypercroissance; gouvernance; espace discrétionnaire; levier cognitif; levier disciplinaire; high-growth; governance; managerial discretion; cognitive dimension; discipline.;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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