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Organisations financières et diversité du capitalisme financier : le cas des fusions-acquisitions en France

Abstract : Mergers and acquisitions (M&A) are important moments in the capital market because they finalize a market arrangement: the capital of an SME or the subsidiary of a group that did not exist as a freely tradable object in a market is endowed with marketable qualities, a financial value, and is the object of a purchase. In this article, we propose a socioeconomic characterization of financial intermediaries across three scales: organizations, practices, and employees. To approach the M&A sector empirically, we used the Carfi database, which identified 363 M&A transactions in 2010 in France. We have added the level of financial organizations to this database. We conducted a multiple correspondence analysis and an agglomerative hierarchical clustering to characterize financial organizations as a social space built based on economic functions, financial practices, and socially situated individuals. We distinguish three forms of financial capitalism: banking capitalism involving European banks, financial capitalism linked to the presence of investment banks from the English-speaking world in particular, and corporate financial capitalism associated with independent advisers.
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https://hal.univ-lorraine.fr/hal-02873574
Contributor : Yamina Tadjeddine <>
Submitted on : Thursday, June 18, 2020 - 1:18:35 PM
Last modification on : Tuesday, January 19, 2021 - 11:08:49 AM

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Sylvain Thine, Yamina Tadjeddine. Organisations financières et diversité du capitalisme financier : le cas des fusions-acquisitions en France. Revue Française de Socio-Economie, Paris : La Découverte, 2020, 1 (24), pp.41-62. ⟨10.3917/rfse.024.0041⟩. ⟨hal-02873574⟩

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