Les grands groupes confirment leurs bonnes performances au cours du premier semestre 2011 à tous les niveaux : résultats, investissements, structure financière, trésorerie. Des éléments d’incertitude apparaissent : la conjoncture, la volatilité de certaines composantes des fonds propres...

En 2012, les 70 principaux groupes cotés affichent une situation financière globalement satisfaisante. Leur activité décélère et les profits diminuent mais ils stabilisent leur endettement et dégagent un niveau record de trésorerie.

Au premier semestre 2012, l’activité des 70 principaux groupes reste bien orientée grâce à la croissance dans les pays émergents. La profitabilité marque toutefois le pas par rapport à 2011 : le résultat opérationnel stagne et le résultat net diminue de 15 %. Les dépenses...

The major groups confirmed their good performances during the first half of 2011 at all levels: earnings, investment, financial structure and cash flow. However, a number of areas of uncertainty also appeared including the economic context and the volatility of certain components of equity and...

In the first half of 2012, France’s top 70 major groups posted robust business activity on the back of sustained growth in emerging markets. However, compared with 2011, profitability slowed as operating incomes lost momentum and net profits fell by 15% on average. Investment spending was...

This paper examines the financial structure and the bank relationships of Italian multinational firms. We show that multinationals are on average more leveraged than non-internationalized firms. Moreover, they have a larger share of financial and bank debt out of total debt, maintain more bank...

The current literature on firm ownership around the world shows that concentrated ownership with only one or a few controlling owners is common, especially in many European and Asian countries. The dispersed ownership has proven to be uncommon and even countries with supposed dispersed ownership...

This paper evaluates the importance of building a composite metric of financial soundness for the private corporate sector in Colombia. Instead of relying on the individual and sometimes restrictive financial ratio analysis approach, the purpose of this document is to provide a single metric...

On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...

This paper evaluates the importance of building a composite metric of financial soundness for the private corporate sector in Colombia. Instead of relying on the individual and sometimes restrictive financial ratio analysis approach, the purpose of this document is to provide a single metric...