L’adoption du vote par Internet aux assemblées générales des actionnaires de sociétés cotées en France : une perspective institutionnaliste
Keywords:Internet voting, shareholders general meetings, adoption, institutional perspective
AbstractThe emergence of internet proxy voting in shareholders' general meetings (IV in SGM) is seen by several corporate governance and information systems experts as a major innovation. However very scant studies have examined its adoption by listed companies, and even to a lesser degree the forces influencing this adoption. This paper uses an institutional perspective to examine how the IV is adopted in France and what are the forces/pressures that are likely to impact on such an adoption. On the basis of a qualitative and longitudinal study, the analysis of the institutionalization process shows that this practice is an in-progress institution (proto-institution). The findings highlight the joint influence of three types of isomorphism on the adoption process of IV as well as the domination of coercive and normative pressures at the detriment of the mimetic ones. The findings also underline the hurdles to the usability of IV and reveal the opportunistic behavior of firms’ executives with regard to its adoption inspite of their engagement in a process of collective construction of an “organizing vision”. At a theoretical level, the article (1) uses an institutional perspective to examine a new information technology which is not dedicated to the internal users of the adopting company; and (2) extends the researches on e-government towards corporate governance of listed companies. At a managerial level, the study offers for the diverse players a comprehensive analysis of the phenomena as well as the forces in play. The originality of the research stems from the operationalization of the framework to a new topic, given that the studies of the adoption of IV in SGM are rare in the Anglo-Saxon countries and, to our knowledge, nonexistent in France.
The author bears the responsibility for checking whether material submitted is subject to copyright or ownership rights (e.g. figures, tables, photographs, illustrations, trade literature and data). The author will need to obtain permission to reproduce any such items, and include these permissions with their final submission.
It is our policy to ask all contributors to transfer for free the copyright in their contribution to the journal owner. There are two broad reasons for this:
- ownership of copyright by the journal owner facilitates international protection against infringement of copyright, libel or plagiarism;
- it also ensures that requests by third parties to reprint or reproduce a contribution, or part of it, in either print or electronic form, are handled efficiently in accordance with our general policy which encourages dissemination of knowledge within the framework of copyright.
In conformity with the French law, the author keeps the 'moral rights' related to the article:
- The 'authorship right': It is the author's right to have his name associated with each publication and exploitation of the article.
- The 'integrity right': It can be claimed by the author if he finds that during an exploitation, his work has been distorted (cutting, reassembly...).