Les transmissions d'entreprise héréditaires sont-elles moins efficaces ?. Le cas de la France entre 1997 et 2002

Laurent Bach

Revue économique, 2009, vol. 60, issue 3, 787-796

Abstract: This article measures the effect of family ceo successions on French firms? performance. First, we compare changes in operating profitability following a transition. Secondly, we assess the effect of dynastic transitions on the probability of default. Using a unique firm-level dataset on ceo transitions among French firms, we find that 20% of defaults following a ceo transition are due to dynastic successions. Classification JEL : G34, G33, D24

JEL-codes: D24 G33 G34 (search for similar items in EconPapers)
Date: 2009
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