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La Création de Valeur Des Alliances (As) Et Des Fusions-Acquisitions

La Création de Valeur Des Alliances (As) Et Des Fusions-Acquisitions

          
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About the Book

Les alliances stratégiques et les fusions-acquisitions sont théoriquement considérées aujourd'hui comme de véritables leviers de création de valeur. Cette création de valeur prend différentes formes. C'est la création de valeur financière qui retient spécifiquement notre attention. L'objectif de ce travail de recherche est de répondre à deux questions fondamentales. La première question est de savoir si à un horizon plus ou moins lointain, la performance boursière des acquisitions coïncide avec la performance réelle, et si par conséquent cette forme de croissance externe peut se justifier par la motivation financière des dirigeants. La deuxième question est de savoir si cette hypothèse formulée se vérifie également pour le cas des alliances. Nos résultats montrent que sur le court terme l'annonce d'une alliance a un impact négatif sur la performance contrairement à l'annonce d'une fusion ou d'acquisition, tandis que sur le long terme, il n'y a aucun impact positif sur la performance financière qu'il s'agisse de l'alliance stratégique ou de la fusion-acquisition. Nous expliquons ce résultat par un phénomène de création de valeur compensatoire: intention stratégico-financière.


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Product Details
  • ISBN-13: 9783841629777
  • Publisher: Academiques
  • Binding: Paperback
  • Language: French
  • Returnable: N
  • Spine Width: 32 mm
  • Width: 152 mm
  • ISBN-10: 3841629776
  • Publisher Date: 28 Feb 2018
  • Height: 229 mm
  • No of Pages: 560
  • Series Title: Omn.Pres.Franc.
  • Weight: 811 gr


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