IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-00163670.html
   My bibliography  Save this paper

Contrôle exercé par le Conseil d'administration et Rémunération des dirigeants : réplication de la recherche de Boyd (1994) au contexte français

Author

Listed:
  • Marie-Hélène Vigliano

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper examines the role of board of directors' control over the determination of French executives' compensation. The theoretical root of this article is that of the agency theory, a dominant theory in the study of the determinants of executives' compensation. Starting from the fact that few French researches have studied the determinants of executives' compensation, we replicate Boyd's (1994) research. The following hypothesis is tested: CEO's compensation is inversely linked to the level of board control. The main objective of this paper is to complete the existing literature, mainly Anglo-Saxon, by bringing results from a different context, the French context. The question is: in France, can we find, in a different economical political and cultural context, the results put forward by Anglo-Saxon literature? We display a quantitative methodology, based on structural equation models (PLS Graph), to test our hypothesis. We consider the level of board control as a latent variable measured by five formatives indicators. Our results point out two essentials facts. Firstly, we confirm that, in a French context, the level of executives' compensation is inversely related to the level of board control. Secondly, we show that all the indicators measuring the level of control of the board of directors are not significant. So, this paper combines both empirical and methodological contributions.

Suggested Citation

  • Marie-Hélène Vigliano, 2007. "Contrôle exercé par le Conseil d'administration et Rémunération des dirigeants : réplication de la recherche de Boyd (1994) au contexte français," Post-Print halshs-00163670, HAL.
    • Handle: RePEc:hal:journl:halshs-00163670
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-00163670. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.