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Les leviers de contrôle des actionnaires majoritaires

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Author Info
Thibault Biebuyck () (Morgan Stanley, London)
Ariane Chapelle () (Centre Emile Bernheim, Solvay Business School, Université Libre de Bruxelles, Brussels)
Ariane Szafarz () (Centre Emile Bernheim, Solvay Business School, Université Libre de Bruxelles, Brussels and DULBEA, Université Libre de Bruxelles.)

Additional information is available for the following registered author(s):

Abstract

La littérature académique en gouvernance d’entreprise étudie en particulier la séparation entre propriété et contrôle au sein de l’actionnariat des entreprises privées. Après avoir présenté les résultats relatifs au bénéfice privé de contrôle et leur impact potentiel sur les marchés financiers, cet article détaille et illustre les mécanismes par lesquels les actionnaires dominants peuvent accroître le contrôle d’une entreprise : structures pyramidales, participations croisées, actions à droits de vote multiples, etc. La quantification du niveau de contrôle au sein d’un empire industriel peut être obtenue à l’aide de diverses méthodes. Les développements récents en la matière sont résumés et l’application à des cas internationaux réels est discutée.

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Paper provided by Université Libre de Bruxelles, Solvay Business School, Centre Emile Bernheim (CEB) in its series Working Papers CEB with number 03-001.RS.

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Length: 28 pages
Date of creation: Sep 2002
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Handle: RePEc:sol:wpaper:03-001

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Related research
Keywords: propriété et contrôle actionnaires pyramides

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Find related papers by JEL classification:
J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
M12 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Personnel Management; Executive Compensation

References listed on IDEAS
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(explanations, 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.)

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  2. Hassan Ayoub & Jérôme Creel & Etienne Farvaque, 2008. "Détermination du niveau des prix et finances: le cas du Liban, 1965-2005," Working Papers DULBEA 08-10.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
  3. Olivier Debande & Jean-Luc De Meulemeester, 2008. "Quality and variety competition in higher education," Working Papers DULBEA 08-12.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  4. Jean-Luc De Meulemeester, 2007. "L'Economie de l'Education fait-elle des Progrès? Une Perspective d'Histoire de la Pensée Economique," Working Papers DULBEA 07-15.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  5. Pierre-Guillaume Méon & Friedrich Schneider & Laurent Weill, 2007. "Does taking the shadow economy into account matter to measure aggregate efficiency?," Working Papers DULBEA 07-18.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  6. Régis Blazy & Laurent Weill, 2007. "The Impact of Legal Sanctions on Moral Hazard when Debt Contracts are Renegotiable," Working Papers DULBEA 07-06.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  7. Henri Capron & Michele Cincera, 2007. "EU Pre-competitive and Near-the-Market S&T Collaborations," Working Papers DULBEA 07-17.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  8. Jérôme de Henau & Leila Maron & Danièle Meulders, 2007. "Travail et Maternité en Europe, COnditions de Travail et Politiques Publiques," Working Papers DULBEA 07-14.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
  9. Olga Bourachnikova, 2007. "Weighting Function in the Behavioral Portfolio Theory," Working Papers DULBEA 07-07.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
  10. Henri Capron, 2007. "Politique de cohésion et développement régional," Working Papers DULBEA 07-16.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
  11. Ariane Szafarz, 2007. "Hiring People-like-Yourself: A Representation of Discrimination on the Job Market," Working Papers DULBEA 07-21.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  12. Benoît Mahy & François Rycx & Mélanie Volral, 2008. "L’influence de la dispersion salariale sur la performance des grandes entreprises belges," Working Papers DULBEA 08-13.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
  13. Carlos Martinez-Mongay & Khalid Sekkat, 2005. "The Tradeoff Between Efficiency and Macroeconomic Stabilization in Europe," Working Papers DULBEA 05-04.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  14. Abdeslam Marfouk, 2008. "The African Brain Drain: Scope and Determinants," Working Papers DULBEA 08-07.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
  15. Ariane Chapelle & Ariane Szafarz, 2006. "Control consolidation with a threshold: An algorithm," Working Papers CEB 06-007.RS, Université Libre de Bruxelles, Solvay Business School, Centre Emile Bernheim (CEB). [Downloadable!]
  16. Ariane Chapelle & Ariane Szafarz, 2005. "Controlling Firms through the Majority Voting Rule," Working Papers DULBEA 05-05.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  17. Pierre-Guillaume Méon & Laurent Weill, 2006. "Does financial intermediation matter for macroeconomic efficiency?," Working Papers DULBEA 06-13.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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  18. Sîle O'Dorchai, 2008. "Pay inequality in 25 European countries," Working Papers DULBEA 08-06.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
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