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L'impact de l'admission à la cote sur les performances économiques des entreprises

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  • Stéphanie Serve

Abstract

This article investigates the change in operating performance of 115firms that went public on the French New Market over the period 1996-2000. A significant decline in operating performance subsequent to the Initial Public Offering (IPO) is found. Companies appears to sustain sales growth but not capital expenditure after the IPO. Additionally, there is a significant negative relation between post-IPO change in operating performance and equity retention by the original ownership.

Suggested Citation

  • Stéphanie Serve, 2007. "L'impact de l'admission à la cote sur les performances économiques des entreprises," Finance, Presses universitaires de Grenoble, vol. 28(2), pages 79-120.
    • Handle: RePEc:cai:finpug:fina_282_0079
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    Cited by:

    1. Hatem Mansali & Florence Labégorre, 2010. "Les performances économiques et boursières à long terme des sociétés introduites en bourse:le cas du marché français (1990-2003)," Revue Finance Contrôle Stratégie, revues.org, vol. 13(2), pages 67-106., June.

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