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L'actionnaire minoritaire, le commissaire, l'avocat et le juge : histoire d'une fusion litigieuse

Author

Listed:
  • Stéphane TREBUCQ

    (Université Montesquieu-Bordeaux IV)

Abstract

The case of a French merger can be used to better understand the nature of conflicts of interest and cognitive conflicts between accountants, shareholders, lawyers and judges. This is especially the case when exchange ratios are unfairly established. When caught in a situation of asymmetrical information, minority shareholders try to obtain more information about the auditors' report through a trial. The financial knowledge possessed by the judge then becomes a necessary condition if shareholders are to be protected.

Suggested Citation

  • Stéphane TREBUCQ, 2005. "L'actionnaire minoritaire, le commissaire, l'avocat et le juge : histoire d'une fusion litigieuse," Economic History 0503021, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpeh:0503021
    Note: Type of Document - pdf; pages: 24. in « L’entreprise, le chiffre et le droit », éditeurs J.G. Degos et S. Trébucq, Bordeaux (2005), pp. 385-407.
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/eh/papers/0503/0503021.pdf
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    References listed on IDEAS

    as
    1. Lucian Arye Bebchuk & Marcel Kahan, 2000. "Adverse Selection and Gains to Controllers in Corporate Freezeouts," NBER Chapters, in: Concentrated Corporate Ownership, pages 247-264, National Bureau of Economic Research, Inc.
    2. Sweeney, John T. & Roberts, Robin W., 1997. "Cognitive moral development and auditor independence," Accounting, Organizations and Society, Elsevier, vol. 22(3-4), pages 337-352.
    3. Arnaud Thauvron, 2000. "La manipulation du résultat comptable avant une offre publique," ACCRA, Association francophone de comptabilité, vol. 6(2), pages 97-114.
    4. Hay, Bruce L, 1995. "Effort, Information, Settlement, Trial," The Journal of Legal Studies, University of Chicago Press, vol. 24(1), pages 29-62, January.
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    More about this item

    Keywords

    Auditor; minority shareholder; merger; trial; exchange ratio; fairness;
    All these keywords.

    JEL classification:

    • N - Economic History

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