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Autorité de gestion et avaries communes-pour un complément du droit de l’entreprise?

Author

Listed:
  • Blanche Segrestin

    () (MINES ParisTech)

  • Armand Hatchuel

    () (MINES ParisTech)

Abstract

(VF)Comment expliquer que la gouvernance reste dominée, malgré les critiques, par une approche davantage actionnariale que partenariale ? Cet article explore l’hypothèse selon laquelle cette rémanence s’expliquerait par une insuffisance du droit. Le droit donne en effet de grands pouvoirs aux dirigeants d’entreprise, mais sans en encadrer les conditions d’exercice ou les effets. D’autres cas montrent qu’historiquement le droit est intervenu avec des règles particulières pour faire qu’une autorité de gestion, comme celle du capitaine de navire, soit efficace et juste. En étudiant la règle des «avaries communes», l’article révèle certaines règles qui sont aujourd’hui malmenées dans l’entreprise et dont le droit pourrait se saisir.(VA)What can explain the prevalence of shareholder-centered approaches to corporate governance despite their ever-growing critics? The article explores one possible explanation: the law, which is compatible with both shareholder- and stakeholder- centered approaches, gives managers great power but without regulating either the conditions of its exercise or its effects. Historical observation renders examples where the law has specified certain rules to make managerial authority, such as the the one of a ship’s captain, both efficient and fair. Analyzing the rules of “general averages”, the article reveals how such rules are neglected in contemporary firms and how the law could support a more collaborative governance.

Suggested Citation

  • Blanche Segrestin & Armand Hatchuel, 2011. "Autorité de gestion et avaries communes-pour un complément du droit de l’entreprise?," Revue Finance Contrôle Stratégie, revues.org, vol. 14(2), pages 9-36., June.
  • Handle: RePEc:dij:revfcs:v:14:y:2011:i:q2:p:9-36.
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    References listed on IDEAS

    as
    1. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    2. Shleifer, Andrei & Vishny, Robert W, 1997. " A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-783, June.
    3. repec:hrv:faseco:30728046 is not listed on IDEAS
    4. Gérard Charreaux & Philippe Desbrières, 2001. "Corporate Governance: Stakeholder Value Versus Shareholder Value," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 5(2), pages 107-128, June.
    5. Gérard Charreaux & Philippe Desbrières, 1998. "Gouvernance des entreprises:valeur partenariale contre valeur actionnariale," Revue Finance Contrôle Stratégie, revues.org, vol. 1(2), pages 57-88, June.
    6. Tirole, Jean, 2001. "Corporate Governance," Econometrica, Econometric Society, vol. 69(1), pages 1-35, January.
    7. Peter Wirtz, 2006. "Compétences, conflits et création de valeur:vers une approche intégrée de la gouvernance," Revue Finance Contrôle Stratégie, revues.org, vol. 9(2), pages 187-201, June.
    8. Pitelis, Christos & Teece, David, 2009. "The (new) nature and essence of the firm," MPRA Paper 24317, University Library of Munich, Germany.
    9. Gérard Charreaux, 2002. "Variation sur le thème:"À la recherche de nouvelles fondations pour la finance et la gouvernance d'entreprise"," Revue Finance Contrôle Stratégie, revues.org, vol. 5(3), pages 5-68, September.
    10. repec:dau:papers:123456789/1742 is not listed on IDEAS
    11. Gérard Charreaux, 1996. "Vers une théorie du gouvernement des entreprises," Working Papers CREGO 0960501, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    autorité; management; gouvernance; entreprise; gestion; authority; management; governance; firm.;

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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