La création de valeur actionnariale est-elle pertinente pour la prise de décision d'investissement ? Une étude empirique du SBF250 par secteurs d'activité

Serge Agbodjo and Isabelle Martinez
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Serge Agbodjo: LGCO - Laboratoire Gouvernance et Contrôle Organisationnel - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse
Isabelle Martinez: LGCO - Laboratoire Gouvernance et Contrôle Organisationnel - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse

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Abstract: This article examines the relevance of value creation indicators by comparing to accounting measures of performance. A qualitative analysis (semi directive interviews) is first conducted with 10 managers from big listed companies in order to define the concept of value creation. The quantitative study then focuses on a sample of 217 French listed companies over the period 2000-2009. The results suggest a complementary of performance and shareholder value creation indicators. The sector analysis also demonstrates that there is a significant variation of the relevant indicators across industries.

Keywords: Création de valeur; Performance; Pertinence; Value creation; Value relevance (search for similar items in EconPapers)
Date: 2012-05-21
Note: View the original document on HAL open archive server: https://hal.science/hal-00935809
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Published in Comptabilités et Innovation, May 2012, Grenoble, France. pp.cd-rom

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00935809

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