‪Actionnariat salarié, gouvernance et performance de la firme: une étude de cas économétrique portant sur un groupe français coté‪

Nicolas Aubert (), Virgile Chassagnon and Xavier Hollandts

Revue d'économie industrielle, 2016, vol. n° 154, issue 2, 151-176

Abstract: ?In market economies based on knowledge, human capital and employees are the main drivers of firms? competitive advantage. Some scholars underline the positive role that employees can play in the governance of the modern firm through their potential participation in the firm?s shareholding. However, the relationship between employee ownership and performance is not clearly supported in the academic literature. This paper contributes to this academic debate by testing the impact of employee ownership on corporate performance. We focus the study on employee ownership as an institutional instrument of corporate governance and examine more precisely the relationship between employee ownership and corporate performance in 900 subsidiaries of a French listed group (belonging to the CAC 40) over a period of five years. The study shows that employee ownership positively affects corporate performance.?

Keywords: Corporate Governance; Corporate Performance; de jure Power; Employee Participation; Employee Ownership (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REI_154_0151 (application/pdf)
http://www.cairn.info/revue-d-economie-industrielle-2016-2-page-151.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:reidbu:rei_154_0151

Access Statistics for this article

More articles in Revue d'économie industrielle from De Boeck Université
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().