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Industrie et finance, histoire d’un désamour: Peugeot, 1919-1939

Jean-Louis Loubet

Revue d'Économie Financière, 2011, vol. 104, issue 4, 71-89

Abstract: [fre] Comment passer à la grande série pour un constructeur automobile ? L’article montre l’exemple de Peugeot, entre 1919 et 1939, qui, face à la frilosité des banques, doit trouver de nouveaux financements. Si les liens tissés avec les maisons Rosengart et Oustric se solderont par des échecs, ils seront paradoxalement la base du renforcement de la solidarité familiale et de la constitution de sociétés de portefeuille, clés d’une stratégie d’autofinancement. . Classification JEL : N23, N64, L62. [eng] Finance and Industry, History of a Mismatch : Peugeot, 1919-1939.. How to implement a mass production when you are a car manufacturer at the beginning of the 20th century ? The article illustrates the case of Peugeot, a French car manufacturer, who had to raise new financings between 1919 and 1939 because of the very carefulness of banks. Even if nothing came out of the business relationships established with the Rosengart and Oustric financing houses, they provided nevertheless the basis of the strengthening of the family relationships and of the setting up of a holding company, key to a self-financing strategy. . Classification JEL : N23, N64, L62.

Date: 2011
Note: DOI:10.3406/ecofi.2011.5896
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