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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 au bénéfice privé 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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Paper provided by ULB -- Universite Libre de Bruxelles in its series ULB Institutional Repository with number 2013/719.

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Date of creation: Dec 2005
Date of revision:
Publication status: Published in: Gouvernance (2005) v.1 n° 2,p.52-70
Handle: RePEc:ulb:ulbeco:2013/719
Contact details of provider: Postal: CP135, 50, avenue F.D. Roosevelt, 1050 Bruxelles
Web page: http://difusion.ulb.ac.be

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