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Les leviers de contrôle des actionnaires majoritaires

  • T. Biebuyck
  • Ariane Chapelle
  • Ariane Szafarz

La littérature académique en gouvernance d'entreprise étudie en particulier la séparation entre propriété et contrôle au sein de l'actionnariat des entreprises privées. Après avoir présenté les résultats relatifs aux bénéfices privés de contrôle et leur impact potentiel sur les marchés financiers, cet article détaille et illustre les mécanismes par lesquels les actionnaires dominants peuvent accroître le contrôle d'une entreprise :structures pyramidales, participations croisées, actions à droits de vote multiples, etc. La quantification du niveau de contrôle au sein d'un empire industriel peut être obtenue à l'aide de diverses méthodes. Les développements récents en la matière sont résumés et l'application à des cas internationaux réels est discutée.

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File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/6085/1/as-0072.pdf
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Paper provided by ULB -- Universite Libre de Bruxelles in its series DULBEA Working Papers with number in.

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Length: 31 p.
Date of creation: Feb 2005
Date of revision:
Publication status: Published by: DULBEA - Université libre de Bruxelles, Brussels
Handle: RePEc:dul:wpaper:05-03rs
Contact details of provider: Web page: http://difusion.ulb.ac.be

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