IDEAS home Printed from https://ideas.repec.org/a/dij/revfcs/v7y2004iq1p117-150.html
   My bibliography  Save this article

La cession de coentreprise:simple cession d’actifs ou cession spécifique?Analyse des réactions des marchés boursiers européens

Author

Listed:
  • Pierre-Xavier Meschi

    () (Université de la Méditerranée et Euromed Marseille)

Abstract

(VF)Les cessions de coentreprise sont-elles des opérations créatrices de valeur pour les actionnaires? En se plaçant sous l’angle de la valorisation boursière, les cessions de coentreprise se distinguent-elles des autres opérations de cession ? Ces deux questions ont été traitées en utilisant une méthodologie d’étude d’événements dans le cadre d’un échantillon de 148 annonces de cession de coentreprise. (VA)Do joint venture sell-offs create value for shareholders? In terms of stock market valuation, can we distinguish joint venture sell-offs from other types of spin-off ? These two questions are addressed by using event study methodology. The latter is applied to a sample of 148 joint venture sell-off announcements.

Suggested Citation

  • Pierre-Xavier Meschi, 2004. "La cession de coentreprise:simple cession d’actifs ou cession spécifique?Analyse des réactions des marchés boursiers européens," Revue Finance Contrôle Stratégie, revues.org, vol. 7(1), pages 117-150.
  • Handle: RePEc:dij:revfcs:v:7:y:2004:i:q1:p:117-150
    as

    Download full text from publisher

    File URL: http://crego.u-bourgogne.fr/images/stories/rev/071150.pdf
    Download Restriction: no

    More about this item

    Keywords

    coentreprise; cession d’actifs; rentabilités anormales; motifs de cession; recentrage; joint venture; sell-off; abnormal returns; sell-off motives; refocusing.;

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

    Statistics

    Access and download statistics

    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:dij:revfcs:v:7:y:2004:i:q1:p:117-150. 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: (Gérard Charreaux). General contact details of provider: http://www.revues.org/ .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.