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Les déterminants du choix entre un conseil d'administration et un conseil de surveillance

Laurence Godard ()

Revue Finance Contrôle Stratégie, 1998, vol. 1, issue 4, 39-61

Abstract: We examine the elements that influence the choice of the board leadership structure:CEO duality or an independent board leadership structure. Two characteristics related to corporate governance are considered:corporate performance and ownership structure. Two other factors are introduced into our model:the date of corporate foundation in order to take into account the year of the introduction of the independent board leadership structure in France, and the industry by considering two dimensions (industrial uncertainty and industrial sectors). Our results indicate that industrial sectors, industrial uncertainty and the proprietorship structure have an influence on the likelihood of choosing an independent board leadership structure.

Keywords: board of directors; leadership structure; performance; ownership structure; industrial sectors; uncertainty. (search for similar items in EconPapers)
Date: 1998
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