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L'Impact De La Structure Financiere Sur Les Decisions Strategiques : Le Cas Du Negoce De Vin Bourguignon

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Author Info

  • Olivier Saulpic

    (ESCP-EAP - ESCP-EAP - Ecole Supérieure de Commerce de Paris)

  • Hervé Tanguy

    (INRA - Institut National Agronomique Paris-Grignon)

Registered author(s):

    Abstract

    Nous montrons au travers du cas du négoce de vin bourguignon que l'influence de la structure financière sur les décisions (théorie financière moderne) repose implicitement sur des mesures de la performance. Si ces mesures sont inadaptées, les effets positifs attendus sont annulés. Cela nous conduit à poser la question de l'utilisation des outils de pilotage internes dans les relations avec les apporteurs de capitaux.

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    File URL: http://halshs.archives-ouvertes.fr/docs/00/58/75/11/PDF/SAULPIC.pdf
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    Bibliographic Info

    Paper provided by HAL in its series Post-Print with number halshs-00587511.

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    Date of creation: May 2000
    Date of revision:
    Publication status: Published - Presented, 21ÈME CONGRES DE L'AFC, 2000, France
    Handle: RePEc:hal:journl:halshs-00587511

    Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00587511/en/
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    Related research

    Keywords: Structure financière; pilotage; mesure de la performance; incitations;

    References

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    11. Tiroley, Jean, 2000. "Corporate Governance," CEI Working Paper Series 2000-1, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    12. Holmstrom, Bengt & Tirole, Jean, 1993. "Market Liquidity and Performance Monitoring," Journal of Political Economy, University of Chicago Press, vol. 101(4), pages 678-709, August.
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    14. Harris, Milton & Raviv, Artur, 1990. " Capital Structure and the Informational Role of Debt," Journal of Finance, American Finance Association, vol. 45(2), pages 321-49, June.
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