Is A Supervisory Board Valuable? The French Evidence

G Shyy and V Vijayraghavan

Working Papers from American Institute for Contemporary German Studies-

Abstract: One of the major differences in corporate governance structure between theGerman board and Anglo-Saxon board is that German companies employ an additional board of supervisory to control corporate management. On the other hand, French companies are free to choose either corporate governance structure. This study examines the determinants of French companies employing supervisory board governance system and finds that asset size and return on equity are two major factors for supervisory board firms.

Keywords: BUSINESS ORGANIZATION; FRANCE (search for similar items in EconPapers)
JEL-codes: D21 L22 (search for similar items in EconPapers)
Date: 1997

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