IDEAS home Printed from https://ideas.repec.org/a/dij/revfcs/v14y2011iq4p7-19..html
   My bibliography  Save this article

DÉBAT-Autorité de gestion et avaries communes:une note de lecture

Author

Listed:
  • Michel Albouy

    (Université Pierre Mendès France Grenoble)

Abstract

(VF) Comment expliquer que la gouvernance reste dominée davantage par une approche actionnariale que partenariale ? Cette note propose une lecture critique de l’article de Segrestin et Hatchuel publié dans Finance- Contrôle-Stratégie (vol. 14, n° 2, juin 2011) sur l’autorité de gestion et les avaries communes. Il s’agit d’une part d’essayer de répondre à la question que se posent les auteurs et, d’autre part, de questionner leurs propositions, qui remettent forte- ment en question le pouvoir des actionnaires dans l’entreprise. (VA)How to explain the prevalence of shareholder-centered approaches to corporate governance despite their critics? This note proposes a critical reading of the article published by Segrestin and Hatchuel in Finance-Contrôle- Stratégie (vol. 14, n° 2, June 2011) on managerial authority and general averages. We try to answer the question addressed by the authors and to question their propositions, which tend to reduce the power of stockholders in corporations.

Suggested Citation

  • Michel Albouy, 2011. "DÉBAT-Autorité de gestion et avaries communes:une note de lecture," Revue Finance Contrôle Stratégie, revues.org, vol. 14(4), pages 7-19, December.
    • Handle: RePEc:dij:revfcs:v:14:y:2011:i:q4:p:7-19.
    as

    Download full text from publisher

    File URL: https://repec-crego.u-bourgogne.fr/images/stories/rev/144019.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michel Aglietta & Antoine Rebérioux, 2005. "Corporate Governance Adrift," Books, Edward Elgar Publishing, number 3675.
    2. Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73, pages 110-110.
    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. Tirole, Jean, 2001. "Corporate Governance," Econometrica, Econometric Society, vol. 69(1), pages 1-35, January.
    5. M. Albouy, 2010. "Crise financière et gouvernance des organisations," Post-Print halshs-00544195, HAL.
    6. repec:dau:papers:123456789/1742 is not listed on IDEAS
    7. Peter Wirtz, 2005. "« Meilleures pratiques » de gouvernance et création de valeur : une appréciation critique des codes de bonne conduite," ACCRA, Association francophone de comptabilité, vol. 11(1), pages 141-159.
    8. Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73, pages 351-351.
    9. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Comment concilier finance et management ?
      by Michel Albouy in Contrepoints on 2017-11-18 09:40:47

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chilosi, Alberto & Damiani, Mirella, 2007. "Stakeholders vs. shareholders in corporate governance," MPRA Paper 2334, University Library of Munich, Germany.
    2. Antoine Rebérioux, 2005. "Les fondements microéconomiques de la valeur actionnariale. Une revue critique de la littérature," Revue économique, Presses de Sciences-Po, vol. 56(1), pages 51-75.
    3. Claudio Loderer & Lukas Roth & Urs Waelchli & Petra Joerg, 2010. "Shareholder Value: Principles, Declarations, and Actions," Financial Management, Financial Management Association International, vol. 39(1), pages 5-32, March.
    4. David B. Audretsch & Erik E. Lehmann, 2013. "Corporate governance in newly listed companies," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 9, pages 179-206, Edward Elgar Publishing.
    5. Isabel Gutierrez & Jordi Surroca, 2014. "Revisiting corporate governance through the lens of the Spanish evidence," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(4), pages 989-1017, November.
    6. Radygin Alexandr & Entov Revold & Mejeraoups I., 2007. "External Mechanisms of Corporate Governance," Research Paper Series, Gaidar Institute for Economic Policy, issue 104P.
    7. Veldman, Jeroen, 2019. "Inequality, Inc," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 63(C).
    8. Collison, David & Cross, Stuart & Ferguson, John & Power, David & Stevenson, Lorna, 2014. "Financialization and company law: A study of the UK Company Law Review," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 25(1), pages 5-16.
    9. Veldman, Jeroen, 2018. "Inequality, Inc," MPRA Paper 86644, University Library of Munich, Germany.
    10. Lehmann, Erik, 2018. "Corporate governance," UO Working Papers 01-18, University of Augsburg, Chair of Management and Organization.
    11. Zhang, Le-Yin, 2004. "The Roles of Corporatization and Stock Market Listing in Reforming China's State Industry," World Development, Elsevier, vol. 32(12), pages 2031-2047, December.
    12. Iryna Akimova & Gerhard Schwödiauer, 2004. "Ownership structure, corporate governance, and enterprise performance: Empirical results for ukraine," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 10(1), pages 28-42, February.
    13. Till van Treeck, 2008. "The political economy debate on ‘financialisation’ – a macroeconomic perspective," IMK Working Paper 01-2008, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    14. Shleifer, Andrei & Vishny, Robert W, 1997. "A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-783, June.
    15. Matthias Kiefer & Edward Jones & Andrew Adams, 2016. "Principals, Agents and Incomplete Contracts: Are Surrender of Control and Renegotiation the Solution?," CFI Discussion Papers 1603, Centre for Finance and Investment, Heriot Watt University.
    16. Grossman, Sanford J. & Hart, Oliver D., 1988. "One share-one vote and the market for corporate control," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 175-202, January.
    17. Claire A. Hill & Brett H. McDonnell, 2012. "Introduction: The Evolution of the Economic Analysis of Corporate Law," Chapters, in: Claire A. Hill & Brett H. McDonnell (ed.), Research Handbook on the Economics of Corporate Law, chapter 1, Edward Elgar Publishing.
    18. Martin Conyon & Annita Florou, 2002. "Top executive dismissal, ownership and corporate performance," Accounting and Business Research, Taylor & Francis Journals, vol. 32(4), pages 209-225.
    19. Alves, Paulo & Couto, Eduardo Barbosa & Francisco, Paulo Morais, 2016. "Executive pay and performance in Portuguese listed companies," Research in International Business and Finance, Elsevier, vol. 37(C), pages 184-195.
    20. David Margolis, 2006. "Should employment authorities worry about mergers and acquisitions?," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 5(2), pages 167-194, August.

    More about this item

    Keywords

    actionnaires; management; gouvernance; entreprise; shareholders; management; governance; firms.;
    All these keywords.

    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

    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:dij:revfcs:v:14:y:2011:i:q4:p:7-19.. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Informatique Technique MSH Dijon (email available below). General contact details of provider: http://www.revues.org/ .

    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.