Gouvernance et performance des fusions-acquisitions dans le secteur de la haute technologie en France

Mohamed Firas Thraya and Amir Louizi

Revue de l'Entrepreneuriat, 2020, vol. 19, issue 4, 181-204

Abstract: This article examines whether corporate governance could improve the performance of mergers and acquisitions in France?s high-tech sector. We show that high-tech firms with efficient governance achieve significantly higher returns than those with weak governance. The effects of governance are greater in the high-tech sector than in other industry sectors. It seems that governance reduces the high intensity of conflicts related to innovation process difficulties. Lastly, acquiring small innovative companies creates more value.

Keywords: governance; mergers and acquisitions; high-tech; performance; innovation (search for similar items in EconPapers)
Date: 2020
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