Compétences, conflits et création de valeur:vers une approche intégrée de la gouvernance

Mainstream explanations of corporate governance work from an essentially disciplinary perspective. The creation of value, however, is not merely a matter of discipline, but also encompasses a cognitive dimension, especially in the case of the innovative enterprise. The present paper hence attempts to contribute to integrate disciplinary and cognitive explanations of governance. It defends the assumption, according to which the relative weight and relevance of the disciplinary and cognitive variables should not be conceived of as static, but depends on the development stage of the firms under examination. The long history of Air Liquide gives an illustration of this theoretical frame.