Les réactions du marché à l'annonce de programmes de réduction des coûts: une étude exploratoire sur les entreprises du CAC 40
Marion Soulerot (soulerot.iae@univ-paris1.fr),
Samuel Sponem (samuel.sponem@hec.ca) and
Laurent Deville
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Marion Soulerot: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
Samuel Sponem: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
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Abstract:
This exploratory research, realized on the firms that constituted the CAC 40 index from 2000 to 2003, shows that cost reduction programs announcements have a positive impact on shareholders value. Stock market reactions depend on whether firms are in financial crisis or not but are independant of their informative content.
Keywords: Réduction de coûts; étude d'événement; annonce; découplage (search for similar items in EconPapers)
Date: 2005
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Published in Congrès AFC, 2005, Lille, France. pp.1-20
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Working Paper: LES RÉACTIONS DU MARCHÉ À L'ANNONCE DE PROGRAMMES DE REDUCTION DES COUTS: UNE ÉTUDE EXPLORATOIRE SUR LES ENTREPRISES DU CAC 40 (2005) 
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00150460
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