How do intermediate-sized enterprises finance themselves?

Adrien Boileau and Benjamin Bureau

Quarterly selection of articles - Bulletin de la Banque de France, 2018, issue 220, 11

Abstract: The financing structure of intermediate-sized enterprises (ISEs) has evolved in recent years. The share of bank credit has decreased, while the shares of bond and equity financing have increased. In addition, ISEs have relatively few difficulties in financing themselves. In particular, we note that: (i) their requests for bank loans have mostly been satisfied; (ii) they have taken full advantage of the decline in interest rates; (iii) they have access to various market financing instruments and (iv) overall, their repayment capacity appears to be under control.

JEL-codes: E22 G32 (search for similar items in EconPapers)
Date: 2018
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