Les innovations organisationnelles dans les groupes coopératifs bancaires. Soumission ou résistance à la norme de la valeur actionnariale ?

Emmanuelle Gurtner, Mireille Jaeger and Jean-Noël Ory

Revue française de gestion, 2008, vol. n° 190, issue 10, 15-30

Abstract: French cooperative structures differ from public listed companies mainly by ownership rights and status. This implies a different corporate governance, relying on stakeholder value rather than on shareholder value. However, since the mid-90s, large banking cooperative groups have emerged. Our aim is to analyse these different organizational changes, to see if they confirm the hypothesis of convergence towards of a unique model of public company listed on stock exchange markets. Overall it seems that these changes show a process towards a specifically European corporate governance model.

Date: 2008
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