IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-02293377.html
   My bibliography  Save this paper

How the finance invests the future of companies: An analysis of the liquidity devices at work
[Comment la finance investit le futur des entreprises : une analyse des dispositifs de liquidité à l'œuvre]

Author

Listed:
  • Isabelle Chambost

    (LIRSA - Laboratoire interdisciplinaire de recherche en sciences de l'action - CNAM - Conservatoire National des Arts et Métiers [CNAM] - HESAM - HESAM Université - Communauté d'universités et d'établissements Hautes écoles Sorbonne Arts et métiers université)

Abstract

This paper examines the effect of the valuation financial model on the future of enterprises in the context of their potential resale. Based on two field surveys, it demonstrates that the financialized future of a public company derives from an endless negotiation game rooted in the present in order to mitigate the risks resulting from the share price volatility. In the case of private companies, the financial outlook is based on a higher expected return and frames the future of the productive operations within a medium-term perspective, in line with the forecasts of investor-analysts.

Suggested Citation

  • Isabelle Chambost, 2019. "How the finance invests the future of companies: An analysis of the liquidity devices at work [Comment la finance investit le futur des entreprises : une analyse des dispositifs de liquidité à l'œu," Post-Print hal-02293377, HAL.
    • Handle: RePEc:hal:journl:hal-02293377
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:hal:journl:hal-02293377. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.