Structure du capital et mesures de restructuration

Éric Séverin () and Solène Dhennin
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Éric Séverin: Université de Lille 2
Solène Dhennin: Université de Lille 2

Revue Finance Contrôle Stratégie, 2003, vol. 6, issue 1, pages 155-186

Abstract: This article deals with the relationship between capital structure and restructuring measures taken by French firms in distress. These firms use a panel of measures to face with their difficulties and leverage has a positive influence on operational restructuring measures. However, the impact of the ownership structure appears unclear. Finally, our results suggest both similarities and differences between restructuring measures of French firms and restructuring measures of American and Japanese firms.

Keywords: leverage; capital structure; restructuring measures (search for similar items in EconPapers)
JEL-codes: G33 G34 (search for similar items in EconPapers)
Date: 2003

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Persistent link: http://EconPapers.repec.org/RePEc:dij:revfcs:v:6:y:2003:i:q1:p:155-186

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