Financement par les banques ou financement par les marches?

P. Artus

Working Papers from Caisse des Depots et Consignations - Cahiers de recherche

Abstract: On observe que les emprunteurs moins risques se financent surtout sur les marches, et que les emprunteurs plus risques utilisent le credit bancaire. Nous construisons un modele theorique simple, faisant intervenir le cout d'acquisition d'information sur le futur rendement des projet risques, pour expliquer cette separation.

Keywords: CREDIT; EMPRUNTS; INFORMATION (search for similar items in EconPapers)
JEL-codes: E44 G21 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:fth:cadeco:2001-16/fi

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