Do strategic partnerships create value? "The empirical case of SBF 250 firms"

Fateh Saci () and Boualem Aliouat ()
Additional contact information
Fateh Saci: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur
Boualem Aliouat: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

Post-Print from HAL

Abstract: Strategic partnerships are theoretically now considered as real levers of value creation. This value creation takes different forms . The objective of our research, after analyzing the results of empirical works focused on the acquisitions announcements impact on the stock market performance and also their actual value creation in the long-term, is to check if strategic partnerships create market value and the actual value. Our final results show that in the short term the announcement of a strategic partnership has a negative impact on performance as opposed to the announcement of a merger-acquisition, while other hand on the long-term, there is no positive impact (neutral impact) of strategic partnerships on financial performance. We explain this result by the phenomenon of "creation of compensatory value" in the context of a strategic and financial plan

Keywords: Strategic partnerships; external growth strategy; value creation; creation of compensatory value; création de valeur; la création de valeur compensatoire; Partenariats stratégiques; stratégie de croissance externe (search for similar items in EconPapers)
Date: 2014-07-07
New Economics Papers: this item is included in nep-cse
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01068783v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in 5th International Research Meeting in Business Management (IRMBAM 2014), Jul 2014, Nice, France

Downloads: (external link)
https://shs.hal.science/halshs-01068783v1/document (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:hal:journl:halshs-01068783

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().