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Gouvernance, enracinement et performance des entreprises familiales européennes

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  • Patrice Charlier

    (CESAG - Centre d'études des sciences appliquées à la gestion)

Abstract

The performance of the family firms can be analyzed according to their modes of governance, based on answers to the various assumptions of family entrenchment. The traditional assumption of the « illegitimate » entrenchment is tested by differentiating two modes of governance likely to reduce the negative effects of them : that of the companies controlled by a family with a external leader, and that of the companies directed by a family which no longer is the principal shareholder. The assumption of the « positive » entrenchment or « legitimates » is also tested when the company is controlled and directed by the family. The results of the tests carried out on a sample of European medium-size firms seem to confirm the assumption of a negative family entrenchment.

Suggested Citation

  • Patrice Charlier, 2008. "Gouvernance, enracinement et performance des entreprises familiales européennes," Post-Print halshs-00522463, HAL.
    • Handle: RePEc:hal:journl:halshs-00522463
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00522463
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    References listed on IDEAS

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    Cited by:

    1. Patrice Charlier & Céline Duboys, 2011. "Gouvernance familiale et politique de distribution aux actionnaires," Revue Finance Contrôle Stratégie, revues.org, vol. 14(1), pages 5-31., March.
    2. Patrice Charlier & Jean-Baptiste Cartier, 2012. "Les particularités de la société en commandite par actions au regard des conflits d'agence," Post-Print halshs-00807573, HAL.
    3. Patrice Charlier & Céline Du Boys, 2011. "Family governance and payout policies to shareholders [Gouvernance familiale et politique de distribution aux actionnaires]," Post-Print hal-01470330, HAL.
    4. Patrice Charlier & Céline Du Boys, 2009. "Gouvernance Familiale Et Repartition De La Valeur : Etude Des Politiques De Distribution Aux Actionnaires Des Entreprises Familiales Cotees," Post-Print halshs-00455729, HAL.

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