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Efficacité des structures de contrôle et enracinement des dirigeants

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  • Hervé Alexandre
  • Mathieu Paquerot

    (Université de Franche-Comté)

Abstract

In the theoretical framework of corporate governance this article studies the efficiency of the control exerted by the ownership structure and the board of directors on managers. The confrontation of en-trenchment theory and agency theory allows to determine the necessary conditions of the controller's efficiency. The ownership structure and the board of directors rarely unite all these conditions. Tests realized with the bootstrap method corroborate the entrenchment theory hypotheses and reject partially the arguments of agency theory.

Suggested Citation

  • Hervé Alexandre & Mathieu Paquerot, 2000. "Efficacité des structures de contrôle et enracinement des dirigeants," Revue Finance Contrôle Stratégie, revues.org, vol. 3(2), pages 5-29, June.
    • Handle: RePEc:dij:revfcs:v:3:y:2000:i:q2:p:5-29
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    References listed on IDEAS

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    More about this item

    Keywords

    corporate governance; agency theory; entrenchment theory; ownership structure; board of directors.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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