Alliances internationales, accumulation d'expérience et création de valeur pour les actionnaires:le cas des coentreprises sino-françaises

Pierre-Xavier Meschi () and Jérôme Hubler
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Jérôme Hubler: Université d'Aix-Marseille 2

Revue Finance Contrôle Stratégie, 2002, vol. 5, issue 3, pages 169-194

Abstract: This article deals with the valuation effect of Sino-French joint ventures, and more precisely with the impact of certain organizational resources proper to French partners. An analysis of abnormal returns was carried out in a sample of Sino-French joint ventures announcements. A significant and negative cumulated impact was highlighted over an event window of 7 days. Moreover, multi-variate regression analyses showed that French companies engaged in China were valuated positively as they possessed an important international and managerial experience.

Keywords: joint venture; experience; abnormal returns; China. (search for similar items in EconPapers)
JEL-codes: G14 L24 (search for similar items in EconPapers)
Date: 2002

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Persistent link: http://EconPapers.repec.org/RePEc:dij:revfcs:v:5:y:2002:i:q3:p:169-194

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