Search results for "financial governance theory"

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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…

JEL G300 L190 M190Upper Echelons Theorythéorie de la gouvernance financièrethéorie des échelons supérieursbehavioral governance theoryjel:G30financial governance theorycognitive governance theorylatitude managérialethéorie cognitive de la gouvernancejel:L19[SHS.GESTION]Humanities and Social Sciences/Business administrationmanagerial discretionjel:M19théorie comportementale de la gouvernancelatitude managériale;théorie des échelons supérieurs;théorie de la gouvernance financière;théorie cognitive de la gouvernance;théorie comportementale de la gouvernance;managerial discretion;Upper Echelons Theory; financial governance theory;cognitive governance theory;behavioral governance theory.[SHS.GESTION] Humanities and Social Sciences/Business administration[ SHS.GESTION ] Humanities and Social Sciences/Business administration
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