IDEAS home Printed from https://ideas.repec.org/a/cai/recosp/reco_586_1181.html
   My bibliography  Save this article

Droit et gouvernance des entreprises. Mythe ou réalité ?

Author

Listed:
  • Laurent Vilanova

Abstract

The law and finance literature states that legal tradition exerts a first-order impact on corporate financing and governance. It also states the superiority of the English Common Law over the French Civil Law. While influential, the law and finance view has weak theoretical and methodological foundations. This paper examines a number of criticisms addressed to this literature and argues for a less ambitious approach of the interaction between law and finance. Rather than focusing on country-level factors such as legal origin, future work should study how legal variables and firm-level factors simultaneously affect corporate governance practices and financial contracts. Classification JEL : G2, G32, K2

Suggested Citation

  • Laurent Vilanova, 2007. "Droit et gouvernance des entreprises. Mythe ou réalité ?," Revue économique, Presses de Sciences-Po, vol. 58(6), pages 1181-1206.
    • Handle: RePEc:cai:recosp:reco_586_1181
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_586_1181
    Download Restriction: free
    File URL: http://www.cairn.info/revue-economique-2007-6-page-1181.htm
    Download Restriction: free
    ---><---

    More about this item

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • K2 - Law and Economics - - Regulation and Business Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_586_1181. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-economique.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.