‪L’affectation de la richesse créée: un des facteurs explicatifs du différentiel de compétitivité entre entreprises françaises et entreprises allemandes cotées‪

Olivier Cretté, Éric Fimbel, Catherine Karyotis and Claude Ducouloux-Favard

Revue d'économie industrielle, 2015, vol. n° 151, issue 3, 37-69

Abstract: ?This paper emphasizes a combination of legal, cultural, and behavioral factors in order to explain the competitiveness gap between French and German listed companies. We compare practices and study symptomatic cases. Empirical data show sharp differences in structures and the practices for spreading wealth within listed companies. In France, it is only after profits are distributed to shareholders that the company is considered; in Germany, profits are put aside before being distributed to shareholders. By analyzing the data and practices of companies listed on the SBF 120 and DAX 100 indexes, we conclude in this paper that these different practices have a sustained effect on the competitiveness gap.?

Keywords: Competitiveness; Dividend; Bank; Listed Companies; France and Germany (search for similar items in EconPapers)
Date: 2015
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