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Le décollage d'EADS:le point de vue des marchés financiers

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  • Nihat Aktas

    ()
    (Université Catholique de Louvain)

  • Eric de Bodt

    (Université de Lille 2)

  • Laurent Liagre

    (Université HEC Montréal)

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    Abstract

    (VF)Cet article analyse la restructuration de l'industrie européenne aérospatiale et de défense via la création d’EADS, société possédant 80 % d'Airbus. Lancé par une impulsion politique des gouvernements européens, ce processus a abouti à la création d’un acteur industriel de niveau mondial. Nous étudions cette restructuration dans le cadre théorique du gouvernement d’entreprise. La question à laquelle nous tentons de répondre est la suivante:les autorités nationales européennes ont-elles réussi à donner naissance à un concurrent privé crédible dans ce secteur oligopolistique? (VA) This paper focuses on the restructuring of the European aero-space and defence industry, resulting in a new company:EADS, the group controlling 80 % of Airbus. This process (initiated by European governments) has succeeded after many developments, involving state-owned firms, public and private companies. Building on the conceptual frame-work of corporate governance, the question we try to answer is the following:did the European national authorities give birth to a credible private competitor in the aerospace sector?

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    Bibliographic Info

    Article provided by revues.org in its journal Revue Finance Contrôle Stratégie.

    Volume (Year): 9 (2006)
    Issue (Month): 1 (March)
    Pages: 5-34

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    Handle: RePEc:dij:revfcs:v:9:y:2006:i:q1:p:5-34

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    Related research

    Keywords: fusions et acquisitions; propriété étatique; études d’événements; mergers and acquisition; state ownership; event studies.;

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