Essec\Faculty\Model\Contribution {#6196
  #_index: "academ_contributions"
  #_id: "8507"
  #_source: array:26 [
    "id" => "8507"
    "slug" => "valuation-of-mergers-and-acquisitions-involving-at-lest-one-french-food-company-during-the-1996-2001-wave"
    "yearMonth" => "2002-06"
    "year" => "2002"
    "title" => "Valuation of Mergers and Acquisitions Involving at Lest One French Food Company During the 1996-2001 Wave"
    "description" => "DECLERCK, F. (2002). <i>Valuation of Mergers and Acquisitions Involving at Lest One French Food Company During the 1996-2001 Wave</i>. ESSEC Business School."
    "authors" => array:1 [
      0 => array:3 [
        "name" => "DECLERCK Francis"
        "bid" => "B00000143"
        "slug" => "declerck-francis"
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2020-12-17 18:37:46"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => null
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Documents de travail"
      "en" => "Working Papers"
    ]
    "support_type" => array:2 [
      "fr" => "Editeur"
      "en" => "Publisher"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "La valorisation des entreprises agro-alimentaires lors de fusions - acquisitions est étudiée sur la période 1996-2001, marquée par des opérations de plus en plus transnationales. Les études empiriques et structurelles convergent et montrent qu'en moyenne une entreprise agro-alimentaire vaut 1,3 fois son chiffre d'affaires.  L'étude économétrique indique qu'une entreprise agro-alimentaire vaut 1,1 à 1,4 fois son chiffre d'affaires. Les observations empiriques sont fondées sur un échantillon de 100 fusions - acquisitions parmi une population de 384 fusions - acquisitions.  Les tests de Student ne montrent pas de différence significative entre les opérations franco-françaises et celles impliquant une entreprise non française.  Les fusions - acquisitions dans les vins et spiritueux et la grande distribution présentent des caractéristiques spécifiques."
      "en" => "The paper studies valuation ratios of food companies that were part of M&A involving at least one French company during the 1996 - 2001 wave of M&A.  Deals are more and more transnational over the period.  Empirical and structural findings converge to conclude that a food company is worth about 1.3 times its turnover.  Econometric tools lead to value food company 1.1 to 1.4 times its turnover.  Empirical observations are based on a sample of 100 M&A out of a population of 384 M&A.  Student tests show no significant difference of "valuation to turnover" ratios in "French M&A" and "International M&A".  M&A in the wine & spirit sector and the retail sector exhibit very specific ratios."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-04-16T18:21:59.000Z"
    "docTitle" => "Valuation of Mergers and Acquisitions Involving at Lest One French Food Company During the 1996-2001 Wave"
    "docSurtitle" => "Documents de travail"
    "authorNames" => "<a href="/cv/declerck-francis">DECLERCK Francis</a>"
    "docDescription" => "<span class="document-property-authors">DECLERCK Francis</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2002</span>"
    "keywordList" => ""
    "docPreview" => "<b>Valuation of Mergers and Acquisitions Involving at Lest One French Food Company During the 1996-2001 Wave</b><br><span>2002-06 | Documents de travail </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Valuation of Mergers and Acquisitions Involving at Lest One French Food Company During the 1996-2001 Wave</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 9.147117
  +"parent": null
}