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Structure du capital et mesures de restructuration

Author

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  • Éric Séverin

    (Université de Lille 2)

  • Solène Dhennin

    (Université de Lille 2)

Abstract

This article deals with the relationship between capital structure and restructuring measures taken by French firms in distress. These firms use a panel of measures to face with their difficulties and leverage has a positive influence on operational restructuring measures. However, the impact of the ownership structure appears unclear. Finally, our results suggest both similarities and differences between restructuring measures of French firms and restructuring measures of American and Japanese firms.

Suggested Citation

  • Éric Séverin & Solène Dhennin, 2003. "Structure du capital et mesures de restructuration," Revue Finance Contrôle Stratégie, revues.org, vol. 6(1), pages 155-186, March.
    • Handle: RePEc:dij:revfcs:v:6:y:2003:i:q1:p:155-186
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    Cited by:

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    2. Labadi, Moufida & Nekhili, Mehdi, 2012. "Structure de propriété et partage de la valeur ajoutée : application aux entreprises françaises non financières du SBF120," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 12.
    3. Yoo, Taeyoung & Jung, Dong Kwan, 2015. "Corporate governance change and performance: The roles of traditional mechanisms in France and South Korea," Scandinavian Journal of Management, Elsevier, vol. 31(1), pages 40-53.

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    More about this item

    Keywords

    leverage; capital structure; restructuring measures;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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