000			02012cam a2200265 4500500
005			20250112061330.0
041			_afre
042			_adc
100	1	0	_aMaurel, Christophe _eauthor
700	1	0	_a Tensaout, Mouloud _eauthor
245	0	0	_aStrategic configurations and CSR integration: The case of worker cooperatives
260			_c2021.
500			_a26
520			_aThis paper aims to investigate how and to what extent ownership structures have evolved in France between the beginning of 2010 and the end of 2019. We focus on the 40 companies listed on the main index, the CAC 40. We assume that it is at this level that the main axes of power are located within organizations. We suggest that agency theory should be reconsidered to better take into account conflicts between shareholders, rather than focusing on conflicts between shareholders and management. While identifying dominant shareholders within companies may lead to a better understanding of the company’s shareholder structure, it does not take into account coalitions of shareholders with similar motivations and expectations. With this in mind, we first take attachment to the company as a variable in analyzing shareholder structure. Secondly, to get a better understanding of the concept of shareholder clusters, we examine the influence of pairs of shareholders in the surveyed companies. Our results suggest that the studied period saw a withdrawal of large investors (whether or not they were attached to the company) and an increase in ownership fragmentation.
690			_aownership
690			_aagency theory
690			_ashareholder conflicts
690			_aFrench stock markets
690			_aFrench Stock Markets
690			_aAgency Theory
690			_aOwnership
690			_aShareholdersConflicts
786	0		_nLa Revue des Sciences de Gestion | 303-304 | 3 | 2021-01-29 | p. 105-116 | 1160-7742
856	4	1	_uhttps://shs.cairn.info/journal-revue-des-sciences-de-gestion-2020-3-page-105?lang=en
999			_c226517 _d226517