IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Pourquoi certains actionnaires cèdent-ils plus d'actions que d'autres lors de l'introduction en bourse?

  • Géraldine Broye

    ()

    (Université de Strasbourg 3)

  • Alain Schatt

    ()

    (Université de Franche-Comté)

Dans ce travail, nous étudions les raisons qui poussent les actionnaires d'origine à céder leurs actions lors de l'introduction en bourse. Sur un échantillon de 402 introductions réalisées en France entre 1986 et 2000, nous mettons en évidence des motivations différentes selon que l'entreprise est introduite au Nouveau Marché ou au Second Marché. Dans le premier cas, de plus faibles opportunités de croissance expliquent l'importance des cessions, tandis que sur le Second Marché, les cessions dépendent de "l'optimisme" du marché. Par ailleurs, un souci de conservation du contrôle de l'entreprise semble avoir une incidence sur les cessions d'actions par les actionnaires de contrôle.

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: http://leg.u-bourgogne.fr/images/stories/wp/1030802.pdf
Download Restriction: no

Paper provided by Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations in its series Working Papers CREGO with number 1030802.

as
in new window

Length: 18 pages
Date of creation: Aug 2003
Date of revision:
Handle: RePEc:dij:wpfarg:1030802
Contact details of provider: Postal: 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France

Order Information: Postal: Angèle Renaud, CREGO, 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France
Email:


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:dij:wpfarg:1030802. 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: (Angèle RENAUD)

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.