Search results for "Théorie de la gouvernance"
showing 2 items of 2 documents
À la recherche du lien perdu entre caractéristiques des dirigeants et performance de la firme : gouvernance et latitude managériale
2008
Upper Echelons Theory and financial governance theory both postulate that CEOs have a determining influence on the performance with, however, a very significant difference concerning the influence of managerial discretion. For the first one, managerial discretion has a potentially positive influence on performance by enabling the managers' cognitive capacities to affect it, for the second one, a negative influence, insofar as it can lead to decisions conflicting with shareholders' interests. The objective of this article is, on the one hand, to compare the contents and the role of the managerial discretion concept within these two theoretical frameworks, on the other hand, to propose, in th…
Origins of the outperformance of venture backed initial public offerings : a French study
2010
In this thesis, we analyze the contractual relationship between private equity investors and entrepreneurs/managers of small and medium sized firms. More specifically, we focus on the real contribution of these financial intermediaries to the Initial Public Offering (IPO) performance of financed firms. While considering venture capitalists’ involvement in the governance of financed firms as the main explaining factor, we use the Corporate Governance theory as the relevant theoretical framework. Thus, we firstly point out the agency theory perspective and secondly the resource and knowledge based view perspective to examine the determinants of venture capitalists’ involvement and the impact …