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The Impact of Shareholder Structure on Large Listed Companies in France: Time Horizons and Control

Jean-Louis Beffa and Xavier Ragot ()

Chapter 3 in Does Company Ownership Matter?, 2009 from Edward Elgar Publishing

Abstract: Do modes of management depend on company ownership? Does macroeconomic performance rely on shareholder value? The contributions collected in this book explore these questions from economic, historical and legal perspectives. They examine company ownership through the study of national institutions, with particular focus on North America and Europe. The twelve economic and legal specialists of this volume seek to explain why firms organized along the shareholder model have not outperformed other forms of ownership. Answers lie in the historical and institutional background of each country.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2009
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