IDEAS home Printed from https://ideas.repec.org/a/cai/reidbu/rei_132_0009.html
   My bibliography  Save this article

Impact de la forme de la reprise sur les réactions des stakeholders

Author

Listed:
  • Françoise Bastié
  • Sylvie Cieply
  • Pascal Cussy

Abstract

Firms? transfers are embedded by informational imperfections. Buyers suffered from informational asymmetries on the quality of firms and on the behaviour of sellers during the transition of management. Buyers can suffer too from the reactions of stakeholders that anticipate the transfers. In this paper, the advantages of Management Buy Out are underlined. This internal market for firms? transfers reduces informational problems and uncertainty that commercial partners suffer from. More precisely, we study the signal MBO should produce in comparison with MBI whose managers do not come directly from the target. We underline in particular the role of MBO where new owners are members of sellers? family. Hypotheses are confirmed by econometrical tests on data coming from the SINE database.

Suggested Citation

  • Françoise Bastié & Sylvie Cieply & Pascal Cussy, 2010. "Impact de la forme de la reprise sur les réactions des stakeholders," Revue d'économie industrielle, De Boeck Université, vol. 0(4), pages 9-30.
    • Handle: RePEc:cai:reidbu:rei_132_0009
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REI_132_0009
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-industrielle-2010-4-page-9.htm
    Download Restriction: free
    ---><---

    More about this item

    Keywords

    Buyout; MBO; MBI; Stakeholders;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:reidbu:rei_132_0009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-industrielle.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.