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Structure de propriété et sous-performance des firmes:une étude empirique sur le marché au comptant, le règlement mensuel et le second marché

Listed author(s):
  • Rajaa Mtanios
  • Mathieu Paquerot

    ()

    (Université de Bourgogne)

Registered author(s):

    Cet article porte sur l'influence de la structure de propriété sur la sous-performance des firmes de la bourse de Paris. Selon la théorie de l'agence deux composantes de la structure de propriété, la concentration du capital et la nature des actionnaires peuvent influencer la performance. Les résultats font ressortir des différences significatives entre les différents marchés. Ils ne permettent pas, en revanche, de corroborer les hypothèses émises par la théorie de l'agence.

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    File URL: http://leg.u-bourgogne.fr/images/stories/wp/0991202.pdf
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    Paper provided by Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations in its series Working Papers CREGO with number 0991202.

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    Length: 28 pages
    Date of creation: Dec 1999
    Publication status: published in Finance Contrôle Stratégie, vol.2, n°4, décembre 1999, p.157-179.
    Handle: RePEc:dij:wpfarg:0991202
    Note: article publié dans Finance Contrôle Stratégie, vol.2, n°4, décembre 1999, p.157-179.
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    Order Information: Postal: Angèle Renaud, CREGO, 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France
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    7. Gérard Charreaux, 1998. "Le point sur la mesure de performance des entreprises," Working Papers CREGO 0980401, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    8. Willard T. Carleton & James M. Nelson & Michael S. Weisbach, 1998. "The Influence of Institutions on Corporate Governance through Private Negotiations: Evidence from TIAA-CREF," Journal of Finance, American Finance Association, vol. 53(4), pages 1335-1362, 08.
    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.
    10. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, 04.
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    14. Andrei Shleifer & Robert W. Vishny, 1995. "The Limits of Arbitrage," NBER Working Papers 5167, National Bureau of Economic Research, Inc.
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    16. Demsetz, Harold & Lehn, Kenneth, 1985. "The Structure of Corporate Ownership: Causes and Consequences," Journal of Political Economy, University of Chicago Press, vol. 93(6), pages 1155-1177, December.
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    19. William J. Carney, 1997. "Large Bank Stockholders In Germany: Saviors Or Substitutes?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 9(4), pages 74-82.
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    21. 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.
    22. B.M. Craven & C.L. Marston, 1997. "Investor Relations and Corporate Governance in Large UK Companies," Corporate Governance: An International Review, Wiley Blackwell, vol. 5(3), pages 137-151, 07.
    23. Gérard Charreaux, 2009. "Gouvernement d'entreprise et comptabilité," Post-Print hal-00384941, HAL.
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