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Les déterminants de la « qualité » des conseils d'administration français

Listed author(s):
  • Laurence Godard

    (LEG - Laboratoire d'Economie et de Gestion - CNRS - UB - Université de Bourgogne)

  • Alain Schatt

    (LEG - Laboratoire d'Economie et de Gestion - CNRS - UB - Université de Bourgogne)

Dans cet article, nous vérifions si la "qualité" des conseils d'administration dépend de la structure de propriété et de la politique financière des grandes sociétés cotées en bourse, caractérisées par une séparation de la décision (control) et du contrôle (ownership). En nous basant sur la théorie de l'agence, nous considérons que les conseils sont de meilleure qualité lorsqu'ils comprennent une fraction élevée d'administrateurs indépendants et/ou lorsque les fonctions de direction générale et de présidence du conseil sont dissociées. Pour les 85 sociétés cotées en bourse de notre échantillon, nous confirmons notamment que la qualité des conseils croît avec la fraction d'actions détenues par le public

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Paper provided by HAL in its series Post-Print with number halshs-00008411.

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Date of creation: 2005
Publication status: Published in Gestion 2000, Recherches et Publications en Management A.S.B.L., 2005, 22 (4), pp.81-101
Handle: RePEc:hal:journl:halshs-00008411
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00008411
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

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  13. Laurence Godard & Alain Schatt, 2004. "Caractéristiques et fonctionnement des conseils d'administration français:un état des lieux," Working Papers CREGO 1040201, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
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