International audienceWe examine the influence of the acquirer’s reputation on investors’ reaction following the announcement of cross-border mergers and acquisitions. Drawing on signaling theory, we argue that the reputation sends a positive signal to investors when such deals are announced. Our empirical study is based on 134 cross-border M&As conducted by French multinationals. Our results confirm that reputation is positively related to M&A short-term value creation. However, the positive reaction of investors to the announcement of mergers and acquisitions is weaker for the most reputable companies. In addition, we show that the relationship between reputation and value creation is negatively moderated by the acquirer’s diversification...
Les fusions et acquisitions sont au coeur des recherches en Finance. Bien que la littérature sur les...
Certaines informations laissent à penser que les clients réagissent négativement aux opérations de f...
Financial implications for buyers in mergers and acquisitions (M&A) have been a topic of fascination...
International audienceWe examine the influence of the acquirer’s reputation on investors’ reaction f...
International audienceThis article investigates the effects of reputation and e-reputation on the va...
International audienceThis article investigates the effects of reputation on the value created by me...
Better firm reputation could lead acquirers to pay a premium for the target. Using a cross-country s...
Strategic partnerships and mergers-acquisitions are theoretically now considered as real levers of v...
Strategic alliances and mergers & acquisitions are theoretically now considered as real levers of va...
Reputation is a firm’s key intangible assets for shareholders’ value creation. Reputation building i...
Strategic alliances and mergers & acquisitions are theoretically now considered as real levers of va...
Dans les deux premiers articles de cette thèse, nous explorons les réactions des marchés financiers ...
URL des Cahiers : https://halshs.archives-ouvertes.fr/CAHIERS-MSECahiers de la MSE 2000.51 - Série B...
International audienceWe investigate whether accounting data are able to qualify the success of list...
International audienceWe investigate whether accounting data are able to qualify the success of list...
Les fusions et acquisitions sont au coeur des recherches en Finance. Bien que la littérature sur les...
Certaines informations laissent à penser que les clients réagissent négativement aux opérations de f...
Financial implications for buyers in mergers and acquisitions (M&A) have been a topic of fascination...
International audienceWe examine the influence of the acquirer’s reputation on investors’ reaction f...
International audienceThis article investigates the effects of reputation and e-reputation on the va...
International audienceThis article investigates the effects of reputation on the value created by me...
Better firm reputation could lead acquirers to pay a premium for the target. Using a cross-country s...
Strategic partnerships and mergers-acquisitions are theoretically now considered as real levers of v...
Strategic alliances and mergers & acquisitions are theoretically now considered as real levers of va...
Reputation is a firm’s key intangible assets for shareholders’ value creation. Reputation building i...
Strategic alliances and mergers & acquisitions are theoretically now considered as real levers of va...
Dans les deux premiers articles de cette thèse, nous explorons les réactions des marchés financiers ...
URL des Cahiers : https://halshs.archives-ouvertes.fr/CAHIERS-MSECahiers de la MSE 2000.51 - Série B...
International audienceWe investigate whether accounting data are able to qualify the success of list...
International audienceWe investigate whether accounting data are able to qualify the success of list...
Les fusions et acquisitions sont au coeur des recherches en Finance. Bien que la littérature sur les...
Certaines informations laissent à penser que les clients réagissent négativement aux opérations de f...
Financial implications for buyers in mergers and acquisitions (M&A) have been a topic of fascination...