Comment la finance investit le futur des entreprises: une analyse des dispositifs de liquidité à l’œuvre

Isabelle Chambost

Revue française de socio-Economie, 2018, vol. n° 21, issue 2, 77-103

Abstract: This paper examines the effect of the valuation financial model on the future of enterprises in the context of their potential resale. Based on two field surveys, it demonstrates that the financialized future of a public company derives from an endless negotiation game rooted in the present in order to mitigate the risks resulting from the share price volatility. In the case of private companies, the financial outlook is based on a higher expected return and frames the future of the productive operations within a medium-term perspective, in line with the forecasts of investor-analysts.

Keywords: financial analysts; financial devices; financialization; private equity funds; LBO; valuation (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RFSE_021_0077 (application/pdf)
http://www.cairn.info/revue-francaise-de-socio-economie-2018-2-page-77.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:rfsdec:rfse_021_0077

Access Statistics for this article

More articles in Revue française de socio-Economie from La découverte
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().