IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01490691.html
   My bibliography  Save this paper

L’assomption de risques économiques élargis : Une clé pour la refondation du capitalisme actionnarial

Author

Listed:
  • Hubert de La Bruslerie

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

Abstract

Concentrated ownership and corporate control are characteristics of many economies, particularly in Europe. This leads to questions about the shareholders' limited liability as the controlling group is protected from the negative consequences of his decisions. We propose to extend the scope of the controlling group's legal liability in order to make him responsible for the CSR consequences of the decisions made by the firm. The controller is associated with long-term and strategic choices of the firm which may have a strong SCR dimension. This regulation mechanism will help to enforce CSR within firms. As counterparty and to develop a contractual mechanism, the controlling shareholder must receive a specific remuneration above his standard return as investor. The paper describes what is called the dividend for control.

Suggested Citation

  • Hubert de La Bruslerie, 2014. "L’assomption de risques économiques élargis : Une clé pour la refondation du capitalisme actionnarial," Post-Print hal-01490691, HAL.
    • Handle: RePEc:hal:journl:hal-01490691
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:hal:journl:hal-01490691. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.