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Structure Financière et Gouvernance Des PME en Croissance: Cas Des PME Marocaines

المصدر: المجلة المغربية للاقتصاد والقانون المقارن
الناشر: جامعة القاضي عياض - كلية العلوم القانونية والإقتصادية والإجتماعية
المؤلف الرئيسي: Rigar, Sidi Mohamed (Author)
المجلد/العدد: ع53
محكمة: نعم
الدولة: المغرب
التاريخ الميلادي: 2015
الصفحات: 91 - 114
ISSN: 0581-6073
رقم MD: 781569
نوع المحتوى: بحوث ومقالات
اللغة: الفرنسية
قواعد المعلومات: IslamicInfo, EcoLink
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عدد مرات التحميل

18

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المستخلص: In recent years, Corporate Governance has been the subject of renewed interest both among economic actors and researchers. Significant reforms have been undertaken in most countries, including Morocco, to establish the new rules of Management. Paradoxically, compared to their economic weight, small and medium businesses have been excluded from the debate around the issue of corporate governance, since we consider that the leader is most often the main shareholder. Major works on governance are indeed on the inefficiencies created by the separation between shareholders and managers of big companies listed in the stock exchange. To better understand the behavior of SMEs, we should revise this conclusion, because SMEs are organized according to different legal status. Some of them - particularly those listed on the financial market - open their capital to outside shareholders, which modifies the traditional relationships governing family SMEs. Our paper seeks, through a conceptual analysis of neo-institutional theories and their development, particularly the theory of governance after the agency theory, and focusing exclusively for SMEs in Morocco, seeks to identify the role of financial factors in the governance process of Moroccan SMEs. We aim to highlight the relationship between mode of governance at the Moroccan SMEs and their specificities in terms of financial structure. The aim is to analyze the funding policy of these companies and assess their compliance with the requirements and constraints of the system of corporate governance in Morocco

ISSN: 0581-6073