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

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Omar Boufama
Omar Boufama
1 20 August 1955 University, Skikda, ALGERIA

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GJMBR Volume 16 Issue C7

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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”.

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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.

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Not applicable for 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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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-C Classification: JEL Code: E44
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v1.2

Issue date

August 17, 2016

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English

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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”.

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

Omar Boufama
Omar Boufama 20 August 1955 University, Skikda, ALGERIA

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