Enrôler les dirigeants pour contrôler l’entreprise : le répertoire d’action des fonds d’investissement
This article deals with the relations between shareholders and managers, and between property and control of corporations within financial capitalism. One of the main drivers of financialization is the acquisition of firms by investors who try to reorient their strategies towards their interests. Th...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2018-01-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/12345 |
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| _version_ | 1832577922741829632 |
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| author | Fabien Foureault |
| author_facet | Fabien Foureault |
| author_sort | Fabien Foureault |
| collection | DOAJ |
| description | This article deals with the relations between shareholders and managers, and between property and control of corporations within financial capitalism. One of the main drivers of financialization is the acquisition of firms by investors who try to reorient their strategies towards their interests. The case of Leveraged Buy-Outs (LBO) carried out by private equity firms shows how investors develop and implement a conception of control consisting in the indirect administration of corporations and the enrolling of managers – who should move from the role of corporate executive to the one of capitalist entrepreneur. Political control of the corporation is effective when they find a balance between distant control and close control that draw a zone of compromise between these two class fractions. |
| format | Article |
| id | doaj-art-cdf1ddb86918457eb2acbd7a3d173a24 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-cdf1ddb86918457eb2acbd7a3d173a242025-01-30T14:26:57ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962018-01-012210.4000/regulation.12345Enrôler les dirigeants pour contrôler l’entreprise : le répertoire d’action des fonds d’investissementFabien FoureaultThis article deals with the relations between shareholders and managers, and between property and control of corporations within financial capitalism. One of the main drivers of financialization is the acquisition of firms by investors who try to reorient their strategies towards their interests. The case of Leveraged Buy-Outs (LBO) carried out by private equity firms shows how investors develop and implement a conception of control consisting in the indirect administration of corporations and the enrolling of managers – who should move from the role of corporate executive to the one of capitalist entrepreneur. Political control of the corporation is effective when they find a balance between distant control and close control that draw a zone of compromise between these two class fractions.https://journals.openedition.org/regulation/12345economic sociologyshareholdersmanagersinvestment fundsLBO |
| spellingShingle | Fabien Foureault Enrôler les dirigeants pour contrôler l’entreprise : le répertoire d’action des fonds d’investissement Revue de la Régulation economic sociology shareholders managers investment funds LBO |
| title | Enrôler les dirigeants pour contrôler l’entreprise : le répertoire d’action des fonds d’investissement |
| title_full | Enrôler les dirigeants pour contrôler l’entreprise : le répertoire d’action des fonds d’investissement |
| title_fullStr | Enrôler les dirigeants pour contrôler l’entreprise : le répertoire d’action des fonds d’investissement |
| title_full_unstemmed | Enrôler les dirigeants pour contrôler l’entreprise : le répertoire d’action des fonds d’investissement |
| title_short | Enrôler les dirigeants pour contrôler l’entreprise : le répertoire d’action des fonds d’investissement |
| title_sort | enroler les dirigeants pour controler l entreprise le repertoire d action des fonds d investissement |
| topic | economic sociology shareholders managers investment funds LBO |
| url | https://journals.openedition.org/regulation/12345 |
| work_keys_str_mv | AT fabienfoureault enrolerlesdirigeantspourcontrolerlentrepriselerepertoiredactiondesfondsdinvestissement |