Évolution institutionnelle, schémas mentaux et gouvernement des entreprises:le cas Krupp-Thyssen

Peter Wirtz

Revue Finance Contrôle Stratégie, 1999, vol. 2, issue 1, 117-143

Abstract: A system of corporate governance consists of the set of mechanisms which constrain managerial discretion. A rapid comparison of the institutional contexts of different countries indicates that corporate governance depends on the national environment of the firm. At the same time, national governance systems are not static, but change in time. The aim of this article is to propose a conceptual framework for an explanation of the modifications of the constraints imposed on managerial discretion. The clinical study of the Thyssen-Krupp merger in Germany is an example of the plausibility of our theoretical hypotheses.

Keywords: managerial discretion; corporate governance; mental patterns; financial policy. (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Évolution institutionnelle, schémas mentaux et gouvernement des entreprises:le cas Krupp - Thyssen (1999)
Working Paper: Évolution institutionnelle, schémas mentaux et gouvernement des entreprises: le cas Krupp - Thyssen (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:dij:revfcs:v:2:y:1999:i:q1:p:117-143

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