Corporate governance and firm characteristics as explanatory factors of shareholder activism: Validation through the French context

Cogent Economics & Finance

Jarboui Anis¹  Siala Bouaziz Souha² 

[1] ISAAS, University of Sfax;University of Sfax;

关键词: shareholder activism;    corporate governance;    firm characteristics;   

DOI  :  10.1080/23322039.2016.1150407

来源: DOAJ

【 摘 要 】

This study deals with the major determinants of company shareholder activism investigated with according to a set of SBF 120 listed firms. Based on a sample of 77 companies, observed over the period 2008–2012, we are led to conclude that some firm governance characteristics do appear to affect shareholding activism. In addition, it has been revealed that the presence of institutional investors, ownership concentration, leaders’ presence in the capital, control structure, leadership change, firm growth as well as leverage level appear to have a significant influence on the probability of activism to take place.

【 授权许可】

Unknown