Lorsque la « mauvaise » gouvernance est applaudie par les marchés : le cas de l'entrée de LVMH dans le capital d'Hermès

Key Points

• Market reactions can sometimes favor ventures even if governance is subpar, leading to unexpected outcomes.
• In the case of LVMH's stake in Hermès, market support indicates a complex relationship with governance standards.
• The notion of 'bad governance' may be reshaped by investment dynamics in luxury markets and brand value.
• Insight into this situation suggests that market forces may prioritize financial gain over ethical governance.

Abstract