The French SMEs and their Financial Performance at the Launch of the Corporates Acquisition Programs

The French SMEs and their Financial Performance at the Launch of the Corporates Acquisition Programs

Omar Boufama

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α University of Skikda

The French SMEs and their Financial Performance at the Launch of the Corporates Acquisition Programs

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Abstract

This paper presents an econometric analysis of the profitability generated at the initiation of the corporates acquisition programs by French investors. These programs generally launched by the firms directors, need to have a high frequency of acquisition attempts, in order to cover fixed costs of the program and generate profits, which they increase the value of the firm and enrich the shareholders. The French “SME” succeed better than large companies in the launch of acquisition programs. The hypothesis of the announcement effect was been verified, and the two others, were rejected by the t-student test. In a subsample two “SME”, Guerbet and Sartorius from Healthcare sector have a positive value. These results show clearly that the corporate acquisition programs are projects of value-creating investment for French “SME”.

References

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Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Omar Boufama. 2016. \u201cThe French SMEs and their Financial Performance at the Launch of the Corporates Acquisition Programs\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 16 (GJMBR Volume 16 Issue C7): .

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GJMBR Volume 16 Issue C7
Pg. 11- 17

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-C Classification: JEL Code: E44

Submission ReceivedDecember 9, 2015
Peer Review Double Blind
Handling Editor
Accepted December 31, 2015
Published January 15, 2016

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v1.2

Issue date

August 17, 2016

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Article Matrices

Total Score: 101

Country: Algeria

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Omar Boufama (PhD/Dr. count: 0)

View Count (all-time): 178

Total Views (Real + Logic): 3642

Total Downloads (simulated): 1952

Publish Date: 2016 08, Wed

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Total Views: 3642

Total Downloads: 1952

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