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Usages de la société holding par des entreprises personnelles et familiales non cotées pratiquant la croissance externe

Author

Listed:
  • Natacha Tréhan

    (Université Grenoble 2)

Abstract

This work aims to identify the reasons why a medium sized personal or family firm, implementing an external growth strategy, decide to create a holding company. It is based on an empirical study concerning 147 non-quoted French firms. Two types of holdings are distinguished "family holdings" and "buy-out holdings". This research highlights that, for these firms, the external growth mode of development should not to be neglected since the holding company makes it possible to reconcile the preferences of the coalition with the constraints of such a strategy.

Suggested Citation

  • Natacha Tréhan, 2002. "Usages de la société holding par des entreprises personnelles et familiales non cotées pratiquant la croissance externe," Revue Finance Contrôle Stratégie, revues.org, vol. 5(2), pages 143-162, June.
    • Handle: RePEc:dij:revfcs:v:5:y:2002:i:q2:p:143-162
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    lpersonal or family company; external growth; holding company; profile of the leader-owner;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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