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mesure quantitative de la diversité des activités de grandes firmes industrielles françaises. La performance de ces …
Persistent link: https://www.econbiz.de/10008792879
(VF)La transformation du périmètre d’activité des groupes, caractérisée depuis vingt ans par un mouvement en faveur du recentrage stratégique, a-t-elle contribué à modifier leur politique de financement? Cet article vise à analyser et à tester l’influence de la diversité...
Persistent link: https://www.econbiz.de/10005111183
Does corporate focus translate into superior stock performance? We use 17 years of international data on 275 property … and over time. By linking these focus profiles to risk-adjusted performance measures, we show that companies with high …
Persistent link: https://www.econbiz.de/10005680602
We examine how firms redraw their boundaries after acquisitions using plant-level data. We find that there is extensive restructuring in a short period following mergers and full-firm acquisitions. Acquirers of full firms sell 27% and close 19% of the plants of target firms within three years of...
Persistent link: https://www.econbiz.de/10010571650
. A divestment of this type can be several times more effective in reducing prices than divestments of baseload (or low … baseload divestments in terms of consumer welfare. …
Persistent link: https://www.econbiz.de/10008495958
We study the impact of electricity divestments in a stylised model where a dominant producer faces a competitive fringe …
Persistent link: https://www.econbiz.de/10008478787
divestments of low-cost assets. We also establish that virtual divestments (often employed in the power industry) are at best … equivalent to low-cost divestments in terms of their impact on consumer welfare, and cannot replicate the optimal divestment. …
Persistent link: https://www.econbiz.de/10011051635
implementation of their preferred divestment choices. We also document the value effects of divestments and show that familiarity …
Persistent link: https://www.econbiz.de/10011117513
generates synergies through interactions between organizations. By synergies, organizations capitalize and develop their …
Persistent link: https://www.econbiz.de/10010965554
Persistent link: https://www.econbiz.de/10010994783