IDEAS home Printed from https://ideas.repec.org/a/dij/revfcs/v9y2006iq3p165-189.html
   My bibliography  Save this article

Financiarisation et globalisation des stratégies d’entreprise:le cas des multinationales agroalimentaires en Europe

Author

Listed:
  • Florence Palpacuer

    () (Université Montpellier 1)

  • Roland Pérez

    (Université Montpellier 1)

  • Selma Tozanli

    (Institut Agronomique Méditerranéen de Montpellier)

  • Julienne Brabet

    (Université Paris 12)

Abstract

(VF)L’article analyse les interactions entre dynamiques actionnariales et concurrentielles dans la stratégie des grandes multinationales agroalimentaires en Europe. Il révèle l’émergence d’un nouveau modèle de firme globale et financiarisée. Ces firmes, d’origine tant européenne qu’américaine, se sont fortement rapprochées des marchés financiers tout en poursuivant des politiques de globalisation de leurs marques et portefeuilles d’activités. Plutôt qu’à une influence univoque des marchés sur la stratégie de la firme, nous concluons à l’existence d’une relation interactive entre les phénomènes de globalisation et de financiarisation.(VA)The paper analyzes interactions between shareholder and competitive dynamics in the strategy of large food multinationals in Europe. These firms of both European and American origins have developed tight linkages to financial markets while globalizing their brands and business portfolios. We highlight the rise, among the largest firms in the sample, of a new model of the global and financialized corporation, and conclude to the existence of an interactive relationship between globalization and financialization, rather than a one-way influence of financial markets on competitive strategies.

Suggested Citation

  • Florence Palpacuer & Roland Pérez & Selma Tozanli & Julienne Brabet, 2006. "Financiarisation et globalisation des stratégies d’entreprise:le cas des multinationales agroalimentaires en Europe," Revue Finance Contrôle Stratégie, revues.org, vol. 9(3), pages 165-189, September.
  • Handle: RePEc:dij:revfcs:v:9:y:2006:i:q3:p:165-189
    as

    Download full text from publisher

    File URL: http://crego.u-bourgogne.fr/images/stories/rev/093189.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    3. Dore, Ronald & Lazonick, William & O'Sullivan, Mary, 1999. "Varieties of Capitalism in the Twentieth Century," Oxford Review of Economic Policy, Oxford University Press, vol. 15(4), pages 102-120, Winter.
    4. repec:dau:papers:123456789/1742 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Palpacuer, Florence, 2008. "Firme-réseau globale et réseaux transnationaux d’ONG : Vers un nouveau mode de régulation ?," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 2.

    More about this item

    Keywords

    financiarisation; globalisation; agro-alimentaire; multinationales; stratégie; financialization; globalization; agrifood; multinationals; strategy.;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

    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:9:y:2006:i:q3:p:165-189. 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.

    If CitEc recognized a reference but did not link an item in RePEc 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 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.