Structure d'actionnariat, performance et mesures de restructuration
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Structure d'actionnariat, performance et mesures de restructuration

Structure d'actionnariat, performance et mesures de restructuration


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About the Book

Cet ouvrage explore l'effet de la structure de l'actionnariat sur la performance des entreprises, en se concentrant sur le contexte spécifique des sociétés marocaines cotées à la Bourse de Casablanca. À travers une première analyse portant sur un échantillon de 70 entreprises sur la période 2016-2018, et en mobilisant des outils statistiques tels que la corrélation de Pearson et la régression logistique, les résultats mettent en évidence une relation positive entre la performance de l'entreprise et la détention significative de capital par les actionnaires, en particulier lorsque ces derniers sont des familles fondatrices. En revanche, une concentration du capital entre les mains d'actionnaires non familiaux - tels que les investisseurs institutionnels ou l'État - tend à affecter négativement la performance.
Dans un second temps, l'étude s'élargit à l'analyse de l'impact de la structure de l'actionnariat sur les mesures de restructuration adoptées par 45 entreprises en difficulté, également cotées à la Bourse de Casablanca, sur la période 2015-2019. Les résultats de la régression logistique révèlent que des actionnaires majoritaires peuvent influencer positivement les mesures opérationnelles de restructuration, tandis qu'aucun lien significatif n'a été observé pour les mesures financières ou autres types d'actions correctives.
L'ouvrage conclut sur la nécessité de promouvoir une diversification raisonnable de l'actionnariat au Maroc, afin de favoriser l'émergence de compétences variées au sein des actionnaires et d'améliorer ainsi la performance des entreprises, notamment face aux enjeux de restructuration.

About the Author :
Basma Azzouzi est docteure en Sciences de Gestion de l'Université Sidi Mohamed Ben Abdellah de Fès. Enseignante vacataire à la FSJES Ain Chock - Casablanca et professionnelle du secteur bancaire elle occupe depuis 2017 des fonctions de responsabilité au sein d'une banque participative. Elle s'intéresse particulièrement au financement d'entreprise, et bancaire ainsi que la finance participative. Ses travaux ont fait l'objet de plusieurs publications scientifiques dans des revues à comité de lecture et d'interventions lors de colloques nationaux et internationaux.


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Product Details
  • ISBN-13: 9782336592411
  • Publisher: Editions L'Harmattan
  • Publisher Imprint: Editions L'Harmattan
  • ISBN-10: 233659241X
  • Publisher Date: 22 Jan 2026


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Structure d'actionnariat, performance et mesures de restructuration
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