IDEAS home Printed from https://ideas.repec.org/a/cai/rfglav/rfg_198_0241.html
   My bibliography  Save this article

Efficacité et légitimité du modèle LBO. Le conflit actionnaire-stakeholder revisité

Author

Listed:
  • Franck Bancel

Abstract

LBO funds occupy a central position in the debate on the growing role that finance is supposed to assume in firm governance and are also particularly studied by researchers. This is explained by the major role the Private equity industry played in the economy and also by theoretical stakes linked to its development (Jensen 1989, etc.). The first part of this article presents how LBO funds have built their competitive advantage. The second part exposes 1) the limits of the LBO fund economic model and 2) major conflicts between stakeholders that emerge from the current private industry crisis.

Suggested Citation

  • Franck Bancel, 2009. "Efficacité et légitimité du modèle LBO. Le conflit actionnaire-stakeholder revisité," Revue française de gestion, Lavoisier, vol. 0(8), pages 241-257.
    • Handle: RePEc:cai:rfglav:rfg_198_0241
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=RFG_198_0241
    Download Restriction: free
    File URL: http://www.cairn.info/revue-francaise-de-gestion-2009-8-page-241.htm
    Download Restriction: free
    ---><---

    More about this item

    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:rfglav:rfg_198_0241. 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-francaise-de-gestion.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.