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- Title
Le rôle du pouvoir discrétionnaire du dirigeant dans l'amélioration de la performance : Cas des entreprises tunisiennes.
- Authors
Khanchel, Imen
- Abstract
In this paper, we examine whether managerial discretion affect firm performance. Results of this study of a sample of 78 Tunisian firms show a strong relationship between managerial discretion and return on assets. This result can be explained by the presence of large shareholders who are, in most cases, families. Finally we can provide no evidence of any strong relationship between managerial discretion and Tobin's Q.
- Subjects
TUNISIA; INDUSTRIAL management; FINANCIAL performance; INVESTMENT analysis; RATE of return; BUSINESS enterprises
- Publication
Revue des Sciences de Gestion, 2009, Issue 237/238, p95
- ISSN
1160-7742
- Publication type
Article
- DOI
10.1051/larsg/2009033