Investissements français aux États-Unis, stratégies de croissance externe et réactions du marché boursier

Pierre-Xavier Meschi and Emmanuel Metais ()
Additional contact information
Emmanuel Metais: Groupe Edhec

Revue Finance Contrôle Stratégie, 2002, vol. 5, issue 1, 129-165

Abstract: The aim of this article is to provide research insights on the viability of French Direct Investment in the United States. On the basis of an event study methodology, this article presents empirical observations of the French Stock Market's reaction to the announcements of French takeovers of US firms, of the formation of US-French joint ventures, and of the set- ting up of French subsidiaries. The favourable, unfavourable or indifferent stock market reactions indicate the types of investment which create or destroy value for shareholders. Moreover, this research points out the rationale of the French stock market regarding French direct Investments in the United States.

Keywords: French direct investment in the US; internationalisation strategies; shareholder value; abnormal returns. (search for similar items in EconPapers)
JEL-codes: G39 L19 (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://repec-crego.u-bourgogne.fr/images/stories/rev/051165.pdf (application/pdf)

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:dij:revfcs:v:5:y:2002:i:q1:p:129-165

Access Statistics for this article

Revue Finance Contrôle Stratégie is currently edited by Jean-François Gajewski

More articles in Revue Finance Contrôle Stratégie from revues.org
Bibliographic data for series maintained by Informatique Technique MSH Dijon ().