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Valorisation stratégique par contextes de valeur : le cas des introductions sur le nouveau marché

Author

Listed:
  • Salim Chahine

    (Audencia Recherche - Audencia Business School)

  • Jean-Pierre Mathieu

    (Audencia Recherche - Audencia Business School)

Abstract

Study of the chapter related to firms' activity in the preliminary prospectuses for 50 listed companies in the "Nouveau marché" shows the existence of 5 disclosure policies. Except for the P/E ratio, empirical study confirms the strategic information effect on value explanation, measured by the Market-to-Book, Firm Value-to-Sales revenue, Firm Value-to-EBIT. Finally, Cumulative Abnormal Return over ten and sixty-day periods are positively associated with the disclosure policy of strategic information.

Suggested Citation

  • Salim Chahine & Jean-Pierre Mathieu, 2003. "Valorisation stratégique par contextes de valeur : le cas des introductions sur le nouveau marché," Post-Print hal-00765190, HAL.
    • Handle: RePEc:hal:journl:hal-00765190
    Note: View the original document on HAL open archive server: https://hal.science/hal-00765190
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    References listed on IDEAS

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    Cited by:

    1. Saida Dammak, 2014. "An Analysis of the Relationship between the Voluntary Disclosure of the Intellectual Capital and the Firm Value," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 4(11), pages 546-566.

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