Le choix du type et de la maturité de la dette par les firmes françaises

Mehdi Nekhili

Revue Finance Contrôle Stratégie, 1999, vol. 2, issue 3, 179-206

Abstract: This paper focuses on banks advantages, compared to bondholders, mainly by the induction of a better reliability for management. Hereafter, a panel of 84 French firms behavior in leverage is modelized. Our findings suggest that the quality of corporate management is not strictly related to the best ways to borrow money. Who is the investor, for which kind of investment, are the main determinants of type and maturity of debt French companies choose.

Keywords: financial intermediation; bank loan; bonds; maturity of debt; asymmetric information; moral hazard. (search for similar items in EconPapers)
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://repec-crego.u-bourgogne.fr/images/stories/rev/023206.pdf (application/pdf)

Related works:
Working Paper: Le choix du type et de la maturité de la dette par les firmes françaises (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dij:revfcs:v:2:y:1999:i:q3:p:179-206

Access Statistics for this article

Revue Finance Contrôle Stratégie is currently edited by Jean-François Gajewski

More articles in Revue Finance Contrôle Stratégie from revues.org
Bibliographic data for series maintained by Informatique Technique MSH Dijon ().