Conglomérat (économie)

Résumé

A conglomerate (kəŋˈɡlɒmərət) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries under one corporate group. A conglomerate usually has a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and multinational corporations that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by merger and acquisitions, spin-offs, or joint ventures. Conglomerates are common in many countries and sectors, such as media, banking, energy, mining, manufacturing, retail, and transportation. This type of organization aims to achieve economies of scale, market power, risk diversification, and financial synergy. However, they also face challenges such as complexity, bureaucracy, agency problems, and regulation. The popularity of conglomerates has varied over time and across regions. In the United States, conglomerates became popular in the 1960s as a form of an economic bubble driven by low interest rates and leveraged buyouts. However, many of them collapsed or were broken up in the 1970s and 1980s due to poor performance, accounting scandals, and antitrust laws. In contrast, conglomerates have remained prevalent in Asia, especially in China, India, Japan, and South Korea. These conglomerates often have strong ties with the government and enjoy preferential policies and access to capital. During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of an economic bubble. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Gulf and Western Industries, Ling-Temco-Vought, ITT Corporation, Litton Industries, Textron, and Teledyne.

Source officielle

https://fr.wikipedia.org/wiki/Conglomérat_(économie)

À propos de ce résultat

Cette page est générée automatiquement et peut contenir des informations qui ne sont pas correctes, complètes, à jour ou pertinentes par rapport à votre recherche. Il en va de même pour toutes les autres pages de ce site. Veillez à vérifier les informations auprès des sources officielles de l'EPFL.

Publications associées (2)

Signaling and Self-regulation in Venture Capital

Giovanni Liotta

This thesis proposes three studies that provide novel empirical evidence on how different types of VCs' characteristics signal the quality of an entrepreneurial venture and influence investment strate

EPFL2016

Video Multicast in (large) local area networks

Martin Vetterli, Jean-Paul Wagner

We consider the problem of distributing high-quality video signals over IP multicast in large Local Area Networks (LANs), under real-time delay constraints, and with software-only processing. In a lar

2002

Concepts associés (35)

Conglomérat (économie)

Un conglomérat est un groupe constitué d'entreprises aux activités très différentes, ce qui permet de diversifier les risques : les pertes de certaines activités pourront être compensées par les profits d'autres activités. Une entreprise conglomérale possède des activités dans des domaines fort différents et non liés. Par exemple : General Electric, LVMH, Kering, Bouygues sont des conglomérats. Ces sociétés sont présentes dans une centaine de métiers tels que le BTP, l'industrie du luxe, la finance ou l'électricité.

Marque (marketing)

Une marque est définie en France par le Code de la propriété intellectuelle comme un « signe susceptible de représentation graphique servant à distinguer les produits ou services d'une personne physique ou morale ». Le Code de la propriété intellectuelle donne une liste des signes susceptibles de constituer une marque.

Media conglomerate

A media conglomerate, media company, mass media conglomerate, mass media company, media group, media institution, or media concessionaire is a company that owns numerous companies involved in mass media enterprises, such as music, television, radio, publishing, motion pictures, theme parks, or the Internet. According to the magazine The Nation, "Media conglomerates strive for policies that facilitate their control of the markets around the world.

Afficher plus

Cours associés (3)

MGT-400: Corporate strategy

Why are some firms more successful than others? This is the fundamental question of strategy. A key concern of managers is the complex and uncertain relationship between the firm, its strategy, its pe

MGT-455: Practical business law

The course covers the fundamental concepts of business law from a practical standpoint, including contracts and company law, intellectual property, competition law and data protection, with a special

AR-402(ab): Studio MA2 (Baumann)

La création d'espaces ouverts dynamiques et vivants s'appuyant sur l'écologie itérative entre l'être humain et son environnement guidera la démarche de ce projet de paysage.

Séances de cours associées (2)

Ingénierie métabolique: Outils et concepts

Explore les outils d'ingénierie métabolique, les objectifs de biologie synthétique et l'analyse des voies métaboliques pour comprendre la physiologie cellulaire.

Stratégie d'entreprise : Intégration et diversification verticales

Explore la stratégie organisationnelle, l'intégration verticale, la diversification et la prise de décisions stratégiques à l'aide de la matrice BCG.