Les procédures de contrôle de l'investissement dans les divisions et les filiales

Jérôme Duprat
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Jérôme Duprat: Université de Bourgogne

Revue Finance Contrôle Stratégie, 1998, vol. 1, issue 3, pages 35-56

Abstract: In industrial firms, rules to control investment are implemented. We study the capital budgeting of divisions and wholly-owned subsidiaries. We analyse the relationships between, on the one hand, the investment autonomy of divisional managers and wholly-owned subsidiaries' managers and, on the other hand, the characteris-tics of unit, firm and their own characteristics. We then consider the choice of the legal position of the unit (division or wholly-owned subsidiary) with respect to managerial control. We test our hypothesis on a sample of about 200 units which belong to 104 industrial firms.

Keywords: investment; control; subsidiaries; divisions; contingency. (search for similar items in EconPapers)
Date: 1998

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Persistent link: http://EconPapers.repec.org/RePEc:dij:revfcs:v:1:y:1998:i:q3:p:35-56

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