Le rôle de l'endettement dans le contrôle du comportement managérial:le cas des firmes dégageant du free cash-flow

Evelyne Poincelot ()

Revue Finance Contrôle Stratégie, 1999, vol. 2, issue 1, pages 75-89

Abstract: This study aims to analyze the role of debt like control's variable of the manager's behaviour by shareholders for the firms generating free cash flows. The debt is supposed to be used by shareholders in order to appropriate value. The tests are realized in order to appreciate if shareholders control managers by constraining them in their financial decisions.

Keywords: director; board of directors; financial decisions; free cash flow; mechanisms of control; economic performance; shareholdings. (search for similar items in EconPapers)
Date: 1999

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Working Paper: Le rôle de l'endettement dans le contrôle du comportement managérial:le cas des firmes dégageant du free cash-flow (1999)
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Persistent link: http://EconPapers.repec.org/RePEc:dij:revfcs:v:2:y:1999:i:q1:p:75-89

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