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La politique de stock-options des entreprises familiales cotées:quelques résultats empiriques

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  • Gérard Hirigoyen
  • Thierry Poulain-Rehm

    (Université de Bordeaux 4)

Abstract

This study investigates whether quoted family firms present particularities in stock options policy, in France. This research, which suggests a definition of family firms, is based on the analysis of the Bulletin des Annonces Légales Obligatoires and on a survey of 61 firms (24 family-controlled and 37 non-family-controlled firms). The results are am-biguous:while many family firms grant employee stock options, their policies are generally selective. Moreover, even if family-controlled firms look for participative management with stock options, the effects in terms of incentive implications and development of loyalty are contradictory. The results show that family and non-family-controlled firms have the same conduct as regard to stock options.

Suggested Citation

  • Gérard Hirigoyen & Thierry Poulain-Rehm, 2000. "La politique de stock-options des entreprises familiales cotées:quelques résultats empiriques," Revue Finance Contrôle Stratégie, revues.org, vol. 3(1), pages 139-167, March.
    • Handle: RePEc:dij:revfcs:v:3:y:2000:i:q1:p:139-167
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    References listed on IDEAS

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    Cited by:

    1. Boubaker Adel & Berrahal Amira, 2015. "The impact of stock-options on the company’s financial performance," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 4(2), pages 63-72, June.

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