The impacts of economy’s financialization on corporate governance, executive management and human relationships in French small and middle-sized companies[Research paper] by Yazid Arifi

2013-09-29

The author was part of the "Alternative Management" third year specialization program in HEC in 2012-2013. After having worked in the phosphate industry, in market finance and in a consulting firm, Yazid Arifi is interested in the work of heterodox economists and intellectuals, so as to feed his reflection on the legitimacy of capitalism. He now plans to work in the third sector or in a NGO.

This work aims at exploring and understanding the impacts of economy’s financialization on small and middle sized French companies in terms of governance, management and human relationships. To be more precise, the thesis focuses on one specific financial mechanism named LBO, which stands for Leveraged Buy Out. It consists of buying the shares of a given corporation resorting to massive indebtedness and relying on the firm’s cash flows to pay back the debt. This analysis of LBO gives the opportunity to learn more global and structural lessons about the consequences of financialization on the way economies work and on the unbalances it introduced in the relationship between capital and labor. The last part of the research is meant to suggest a series of institutional shifts that might pave the way for an alternative to LBO and, broadly speaking, to financial hegemony.

Quote article  Yazid Arifi, « The impacts of economy’s financialization on corporate governance, executive management and human relationships in French small and middle-sized companies », 29 september 2013, Alternative Management Observatory (AMO), [Research paper]
http://appli6.hec.fr/amo/Articles/Entry/Item/317.sls

In the same section

On the way to social innovation, interview with Hugues Sibille

[Reading report]

[Reading report] : Joséphine Bouchez

On the way to social innovation is about Hugues Sibille’s career, who is the endless defender of social and solidarity-based economy in France. The book is written as an interview, which leads us to discover the actions and experiences of this day-to-day involved person to develop this more human...

>>Read more

Development of micro-insurance in Argentina, Peru and Colombia

[Research paper]

[Research paper] : Marie Baranger and Cécile Roussel

This research studies the development of micro-insurance – with a focus on financial education – in Columbia, Peru and Argentina, where six months of field research have been carried out. Whereas micro-insurance products were all compulsory and little innovative in Argentina and Peru, they were...

>>Read more

Waste Uncovering the Global Food Scandal - by Tristram Stuart

[Research paper]

[Research paper] : Marie Mourad

Waste aims at uncovering the food waste scandal. Tristram Stuart conducts an overall analysis of the food industry based on various studies and precise examples. He explains that reducing food waste, which represents almost 50% of food production in developed countries, would considerably improve...

>>Read more

Independent publishers and the social critique

[Research paper]

[Research paper] : Fleur d'Harcourt

An efflorescence of small and subversive independent publishing houses has, over the last decade, made a dent in the traditionally conformist world of publishing houses. Independent publishing houses have now become central actors in the dissemination of the social critique.This rise has probably...

>>Read more

Art, entreprenariat: the creation's path

[Article]

[Article] : Olivia Conil Lacoste

This article aims to draw up a parallel between the artist's approach and the entrepreneur's one, exploring the relation they maintain with their creations. In this way it makes a bridge between the drivers of the artistic and the entrepreneurial action and shows how the work of art like the...

>>Read more

With the same doctype

Research paper

Les politiques de "diversité des... For several years, companies have been... by Aude Burel
Waste Uncovering the Global Food... Waste aims at uncovering the food waste... by Marie Mourad
French foundations and their use of... Social impact measurement is a subject... by Juliette Jaume
The Army and the social and... This essay focuses on the contribution... by Maëlle Bouquet
Leadership and responsibility for HEC... “CEO” and “responsibility” are... by Julien Lacaze
Williamsburg, history of a musical... Since the end of the 1980s, the... by Elena Schmitt
The Rhetoric of Reaction: Perversity,... Whereas the German sociologist Max... by Brice Jeullin
Protecting the public interest in a... Technology is overwhelming. It’s... by Nicolas Trimoulet
Why don't we all buy organic products? Though health and the protection of the... by Peggy Nicod et Emilie Condemine
The evolution of the Chinese banking... The Chinese banking market is one of... by Jie Zhu