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Fusions-acquisitions et création de valeur : Bilan des recherches et perspectives d'évolution

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  • Mohamed-Larbi Aribou

    (CESAG - Centre d'études des sciences appliquées à la gestion)

Abstract

La plupart des recherches financières s'accordent sur le fait que les stratégies de fusions & acquisitions (F&A) profitent davantage aux actionnaires de la cible qu'à ceux de l'acquéreur. Le caractère mitigé des résultats relatifs aux actionnaires de l'acquéreur rencontre plusieurs explications dans la littérature empirique. Cet article propose une synthèse des recherches consacrées à l'étude des déterminants de performance des F&A, en combinant des arguments empiriques et théoriques. Il tente d'apporter un éclairage complémentaire sur les facteurs clés de réussite de ces opérations en se focalisant sur la phase d'intégration post-fusion et le phénomène du transfert de connaissances.

Suggested Citation

  • Mohamed-Larbi Aribou, 2017. "Fusions-acquisitions et création de valeur : Bilan des recherches et perspectives d'évolution," Post-Print hal-01468250, HAL.
    • Handle: RePEc:hal:journl:hal-01468250
    Note: View the original document on HAL open archive server: https://inria.hal.science/hal-01468250
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    Keywords

    Fusions & acquisitions; intégration; transfert des connaissances; performance;
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