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Article dans une revue
Reputation, e-reputation and value creation of mergers-acquisitions
Abstract : This article investigates the effects of reputation and e-reputation on the value created by mergers and acquisitions (M&As). Building on the resource-based view, we study the impact of the acquirer’s reputation on financial market reactions to M&A announcements. The empirical study is based on a sample of 187 M&As involving French multinationals of the CAC 40 index and an online survey of their reputation. The statistical analysis shows that reputation has a significant, positive influence on M&A value-creation. The findings also highlight the fact that reputation matters regardless of the geographic location of the target companies. Our study makes theory of the role of intangible assets in firm performance more specific by highlighting the positive impact of reputation on the financial evaluation of M&A operations.
https://hal-univ-lyon3.archives-ouvertes.fr/hal-01515649
Contributeur : Ulrike Mayrhofer <>
Soumis le : jeudi 27 avril 2017 - 19:21:49
Dernière modification le : lundi 27 juillet 2020 - 09:44:01
Contributeur : Ulrike Mayrhofer <>
Soumis le : jeudi 27 avril 2017 - 19:21:49
Dernière modification le : lundi 27 juillet 2020 - 09:44:01