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

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  • Peter Wirtz

    (Université de Bourgogne)

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.

Suggested Citation

  • Peter Wirtz, 1999. "Évolution institutionnelle, schémas mentaux et gouvernement des entreprises:le cas Krupp-Thyssen," Revue Finance Contrôle Stratégie, revues.org, vol. 2(1), pages 117-143, March.
    • Handle: RePEc:dij:revfcs:v:2:y:1999:i:q1:p:117-143
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    References listed on IDEAS

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    Cited by:

    1. Pierre-Yves Gomez, 2003. "Jalons pour une histoire des théories du gouvernement des entreprises," Revue Finance Contrôle Stratégie, revues.org, vol. 6(4), pages 183-208, December.
    2. Peter Wirtz, 2002. "Opportunism, Stewardship, and the Dynamics of Conflict in a Theory of Corporate Governance," Working Papers CREGO 1020101, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    3. Christine Pochet, 2001. "Le gouvernement de l'entreprise défaillante: étude de trente plans de continuation," Revue Finance Contrôle Stratégie, revues.org, vol. 4(2), pages 149-181, March.
    4. Gérard Charreaux, 2002. "Variation sur le thème:"À la recherche de nouvelles fondations pour la finance et la gouvernance d'entreprise"," Revue Finance Contrôle Stratégie, revues.org, vol. 5(3), pages 5-68, September.
    5. Karima Dhaouadi, 2018. "Corporate Board and Upper Echelons: The Case of the American Most Admired Firms," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(4), pages 245-245, March.
    6. Didier Le Maitre, 2013. "Une Negation De L'Influence Des Theories Manageriales Sur Le Comportement A Partir D'Hirschman Et De Von Mises," Post-Print hal-00991951, HAL.
    7. Gérard Charreaux, 2001. "Quelle théorie pour la gouvernance?De la gouvernance actionnariale à la gouvernance cognitive..," Working Papers CREGO 010401, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations, revised Feb 2002.

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    More about this item

    Keywords

    managerial discretion; corporate governance; mental patterns; financial policy.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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