Alliances internationales, accumulation d'expérience et création de valeur pour les actionnaires:le cas des coentreprises sino-françaises
AbstractThis article deals with the valuation effect of Sino-French joint ventures, and more precisely with the impact of certain organizational resources proper to French partners. An analysis of abnormal returns was carried out in a sample of Sino-French joint ventures announcements. A significant and negative cumulated impact was highlighted over an event window of 7 days. Moreover, multi-variate regression analyses showed that French companies engaged in China were valuated positively as they possessed an important international and managerial experience.
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Bibliographic InfoArticle provided by revues.org in its journal Revue Finance Contrôle Stratégie.
Volume (Year): 5 (2002)
Issue (Month): 3 (September)
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Find related papers by JEL classification:
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies
- L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
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- Blanchot, Fabien, 2006. "Alliances et performances : un essai de synthèse," Economics Papers from University Paris Dauphine 123456789/2221, Paris Dauphine University.
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