6533b855fe1ef96bd12b18c6

RESEARCH PRODUCT

Droit et gouvernance:l'apport du courant comportemental

Gérard Charreaux

subject

biais comportementalbehavioral law and economicsbehavioral corporate governancethéorie comportementale du droit[SHS.GESTION]Humanities and Social Sciences/Business administrationpaternalisme libertarienthéorie comportementale de la gouvernance[ SHS.GESTION ] Humanities and Social Sciences/Business administrationlibertarian patrenalism[SHS.GESTION] Humanities and Social Sciences/Business administrationbehavioral bias

description

Under the dominant approach to corporate governance, the role of law is to help reduce the impact of conflicts of interest and intentional strategic behavior of the different actors, including managers. The managers' decisions that are detrimental to shareholders and other stakeholders do not all have their origin in an intentional behavior. Some of them result of misjudgment, cognitive and behavioral biases. Based on Behavioral Law and Economics, which has expanded greatly in the United States, the objective of the paper is to show that the role of law within the corporate governance system is also to contribute to "debias" managerial decisions or correct any adverse effects of these biases.

yearjournalcountryeditionlanguage
2010-01-01
https://hal.science/hal-00486485