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Les procédures de contrôle de l'investissement dans les divisions et les filiales

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  • Jérôme Duprat

    (Université de Bourgogne)

Abstract

In industrial firms, rules to control investment are implemented. We study the capital budgeting of divisions and wholly-owned subsidiaries. We analyse the relationships between, on the one hand, the investment autonomy of divisional managers and wholly-owned subsidiaries' managers and, on the other hand, the characteris-tics of unit, firm and their own characteristics. We then consider the choice of the legal position of the unit (division or wholly-owned subsidiary) with respect to managerial control. We test our hypothesis on a sample of about 200 units which belong to 104 industrial firms.

Suggested Citation

  • Jérôme Duprat, 1998. "Les procédures de contrôle de l'investissement dans les divisions et les filiales," Revue Finance Contrôle Stratégie, revues.org, vol. 1(3), pages 35-56, September.
    • Handle: RePEc:dij:revfcs:v:1:y:1998:i:q3:p:35-56
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