Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "2586"
  #_source: array:26 [
    "id" => "2586"
    "slug" => "tender-offers-and-their-wealth-effects-theory-and-evidence-for-the-french-case"
    "yearMonth" => "1994-01"
    "year" => "1994"
    "title" => "Tender Offers and their Wealth Effects : Theory and Evidence for the French Case"
    "description" => "CHARLETY-LEPERS, P. et SASSENOU, M. (1994). Tender Offers and their Wealth Effects : Theory and Evidence for the French Case. <i>Journal of Multinational Financial Management</i>, pp. 1-24."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "CHARLETY-LEPERS Patricia"
        "bid" => "B00000096"
        "slug" => "charlety-lepers-patricia"
      ]
      1 => array:1 [
        "name" => "SASSENOU M."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2020-12-17 17:55:06"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "1-24"
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "L'objectif de cet article est de réaliser une synthèse de plusieurs résultats théoriques concernant les offres publiques d'achat et d'échange et de les confronter aux données françaises. Les résultats empiriques confirment la théorie: les offres publiques créent de la richesse, essentiellement au profit des actionnaires des cibles. On observe des différences importantes entre OPA et OPE , l'effet de la concurrence entre acquéreurs est faible."
      "en" => "The objective of the paper is to synthetize some important theoretical results concerning the tender offer process and to compare them with French evidence. The results generally confirm the theory. There is a global gain associated with tender offers, which is kept entirely by target shareholders. The use of securities as a means of payment has a negative effect and we find no impact of competition among bidders."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-11-21T15:21:45.000Z"
    "docTitle" => "Tender Offers and their Wealth Effects : Theory and Evidence for the French Case"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/charlety-lepers-patricia">CHARLETY-LEPERS Patricia</a>, SASSENOU M."
    "docDescription" => "<span class="document-property-authors">CHARLETY-LEPERS Patricia, SASSENOU M.</span><br><span class="document-property-authors_fields">Economics</span> | <span class="document-property-year">1994</span>"
    "keywordList" => ""
    "docPreview" => "<b>Tender Offers and their Wealth Effects : Theory and Evidence for the French Case</b><br><span>1994-01 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Tender Offers and their Wealth Effects : Theory and Evidence for the French Case</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 9.119175
  +"parent": null
}