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Les transmissions d'entreprise héréditaires sont-elles moins efficaces ?. Le cas de la France entre 1997 et 2002


  • Laurent Bach


This article measures the effect of family ceo successions on French firms’ performance. First, we compare changes in operating profitability following a transition. Secondly, we assess the effect of dynastic transitions on the probability of default. Using a unique firm-level dataset on ceo transitions among French firms, we find that 20% of defaults following a ceo transition are due to dynastic successions. Classification JEL : G34, G33, D24

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  • Laurent Bach, 2009. "Les transmissions d'entreprise héréditaires sont-elles moins efficaces ?. Le cas de la France entre 1997 et 2002," Revue économique, Presses de Sciences-Po, vol. 60(3), pages 787-796.
  • Handle: RePEc:cai:recosp:reco_603_0787

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    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity


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