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Euro Disney and the agency theory - What if the firm's governance profile was the true reasons of a financial fiasco?

posted Dec 18, 2014, 2:04 PM by Julien Pillot

Here comes a brand new paper published on the website of the French leading economic newspaper : Les Echos.

Abstract :

On January the 13rd, Euro Disney shareholders will be asked to vote a new recapitalization plan. The third in just 23 years of operation !!! Behind the smokescreen of several loss-making years lies a complex business model as well as a governance profile likely to grant a single shareholder the abitily to benefit from unwarrented earnings. The present case is analyzed through the "agency theory" prism.

Whish you pleasant readings :)

(click on the image below to access the article)

Article on lesechos.fr