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L'efficacité des privatisations françaises: une vision dynamique à travers la théorie de la gouvernance

Author

Listed:
  • Hervé Alexandre
  • Gérard Charreaux

    (Université de Bourgogne)

Abstract

Le programme de privatisation français est l'un des principaux programmes mondiaux quant au volume des émissions. Une lecture du processus de privatisation à travers la théorie de la gouvernance des entreprises a conduit à élaborer un modèle permettant de prendre en compte, d'une part, la dimension temporelle du processus de privatisation, d'autre part, les variables contextuelles, organisationnelles, de gouvernance et stratégiques qui contraignent ce processus. Après avoir répliqué un certain nombre de tests traditionnels, nous avons testé ce modèle sur un échantillon de 19 entreprises privatisées françaises et sur un horizon de sept ans, ce qui a permis d'aboutir aux conclusions suivantes. L'incidence favorable attribuée traditionnellement aux privatisations n'est pas véritablement confirmée pour les privatisations françaises, tout au moins sur l'horizon considéré. La privatisation n'induit un effet positif significatif sur la performance que pour un faible nombre d'entreprises. L'importance de l'effet, cependant, est subordonnée à certaines des variables proposées.

Suggested Citation

  • Hervé Alexandre & Gérard Charreaux, 2001. "L'efficacité des privatisations françaises: une vision dynamique à travers la théorie de la gouvernance," Working Papers CREGO 1011002, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations, revised Oct 2001.
    • Handle: RePEc:dij:wpfarg:1011002
    Note: version française de Efficiency of French Privatizations:A Dynamic Vision
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    References listed on IDEAS

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    Cited by:

    1. Mouna Mrad & Slaheddine Hallara, 2014. "The Relationship Between the Board of Directors and the Performance/Value Creation in a Context of Privatization: The Case of French Companies," Public Organization Review, Springer, vol. 14(1), pages 83-108, March.
    2. Razane Chroqui, 2008. "Banques étrangères, mode de gouvernance et performance des banques privatisées," Revue d'Économie Financière, Programme National Persée, vol. 93(3), pages 275-295.

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    More about this item

    Keywords

    privatisation; efficacité statique; efficacité dynamique; gouvernance des entreprises.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

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