IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

L'hypothèse de l'efficience des marchés : apports à l'étude des investissements directs à l'étranger

Listed author(s):
  • Floarea Iosub Dobrica


    (The Department of Economics, Quantitative Analysis and Business Information Systems, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University)

Registered author(s):

    Traditionnellement, l'étude des investissements directs à l'étranger repose sur des hypothèses concernant surtout les marchés de biens et services sur lesquels opèrent les entreprises multinationales. Le paradigme OLI de Dunning devient ainsi le cadre usuel d'analyse des IDE. Dans ce cadre, les marchés de capitaux sont supposés respecter l'hypothèse d'efficience des marchés. Tout arbitrage de nature financière est alors impossible, ne pouvant pas contribuer à expliquer les flux d'IDE. Des travaux récents attestent, pourtant, que les marchés de capitaux sont loin d'être efficients. Traduisant l'irrationalité des investisseurs sur les marchés financiers, des écarts de valorisation des actifs peuvent ainsi être observés. Deux approches intégrant ces écarts de valorisation dans l'étude des IDE prennent contour : l'approche des affaires « bon marché » et l'approche du « capital pas cher ». Une revue du cadre théorique des IDE permettra d'illustrer les apports du rejet de l'hypothèse d'efficience de marché à l'analyse des mouvements d'IDE des dernières années.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:'hypothese_de_l'efficience_des_marches.pdf
    Download Restriction: no

    File URL:
    Download Restriction: no

    Article provided by Alexandru Ioan Cuza University, Faculty of Economics and Business Administration in its journal Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi.

    Volume (Year): 52-53 (2006)
    Issue (Month): (November)
    Pages: 95-100

    in new window

    Handle: RePEc:aic:journl:y:2006:v:13:p:95-100
    Contact details of provider: Postal:
    Universitatea Al. I. Cuza; B-dul Carol I nr. 22; Iasi

    Phone: 004 0232 201070
    Fax: 004 0232 217000
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:aic:journl:y:2006:v:13:p:95-100. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sireteanu Napoleon-Alexandru)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.