In this paper, we investigate the relation between cash flow, debt, investment and performance according to whether the firm is multinational (versus domestic), keiretsu (versus independent) or both multinational and keiretsu. Using a Japanese sample of 3024 firm-year observations in the period...

This paper evaluates the extent that French LBO targets' investment policy and operations can account for their overperformance discrepancy. Our empirical study has been carried out on 132 French LBOs between 1989 and 1994. The results show that the abnormal plunge in economic return cannot be...

Dans les grandes firmes industrielles, des procédures sont mises en place pour contrôler l'investissement. Celles qui s'appliquent aux divisions et aux filiales à 100 % sont étudiées. Nous analysons les liens entre d'une part, l'autonomie en matière d'investissement des responsables...

Cet article étudie dans quelle mesure la politique d'investissement ainsi que la gestion opérationnelle des firmes françaises reprises dans le cadre d'un leveraged buy-out (LBO) peuvent expliquer la dégradation de leur surperformance après l'opération. L'étude empirique porte sur 132 LBO...

This study provides an empirical evidence of the relationship that exists between participation in technological strategic alliances and business performance by considering the knowledge-based distinctive competencies that the alliance is capable of generating as a mediating variable. The...