. Nous-intéressant-au-modèle, nous pouvons avancer que dans le cadre d'une détention indirecte des actions par les salariés (une détention à travers les FCPE), le pourcentage de l'actionnariat salarié conserve sa relation positive avec la valeur ajoutée, De fait, le coefficient de réponse lié à la variable (PKSAL) est positif et statistiquement significatif au seuil de 1%

. Le-tableau-5, 30 affiche ci-après, les résultats dégagés dans ce cadre

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.. Et-théoriques?, .76 I L'expérience française en matière d'actionnariat salarié?????????, SECTION I : L'actionnariat salarié : Aspects pratiques, p.77

. Modalités-de-la-détention, ?????.85 II Motifs de l'actionnariat salarié et éléments dissuasifs?, ????.?.89 1-Du coté de l'entreprise? une meilleure performance????????.???..89 2-Du coté des salariés? une plus grande satisfaction???????...????...92 3-Éléments dissuasifs?????????????????..???????..94

. ?. Conclusion-de-la-section????????????????, ??????????96 SECTION II : Place de l'actionnariat salarié dans le cadre de la gouvernance des entreprises?????????????????.???????????????98 I Actionnaires salariés : entre relation d'agence et conflits de pouvoir?????, p.98

. La-théorie-de-l-'agence????????. and . ???????????????, 99 A. La relation d'agence dans le cadre de la gouvernance actionnariale????99 B. La relation d'agence dans le cadre de la gouvernance partenariale????, p.100

L. 'instauration-d-'un-régime-de-confiance????????????????, 115 A. Les bienfaits ou gains associés au mécanisme de confiance?, ????...116 B. Les méfaits ou coûts associés au mécanisme de confiance??...????118 Conclusion de la section????????, p.119

L. Conclusion-de and I. Section, Les facteurs modérateurs de la relation entre actionnariat salarié et création de valeur : développements et formulation des hypothèses?

C. Introduction???????????????????????????????167, S. ?. Nature-de-la-recherche-et-origine-des-données?????., and .. ????, .168 I Nature de la recherche?????????168 II Source des données-Les données secondaires : avantages et limites?????????, Recueil des données, vol.170170, issue.2, p.171

». Conclusion-de-la-section????????, ???????????????????173 SECTION II : Rappel des hypothèses et opérationnalisation des variables???...???174 I Relation entre « actionnariat salarié » et «, p.174

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