Euro PP: comment situer le Placement Privé parmi les modes de financement des PME-ETI ?

Sébastien Galanti and Iarina Lazar
Additional contact information
Iarina Lazar: LEO - Laboratoire d'Économie d'Orleans [UMR7322] - UO - Université d'Orléans - UT - Université de Tours - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: Launched by the end of 2012 in France, the EuroPP market aims at promoting the Private Placement as a complementary solution to the banking financing of small and medium enterprises. It is a partnership between an undertaking bank and different partners –mostly Insurance Companies. This article shows that this financing lies midway between banking and market financing. However its future success is not certain. It will depend on the success of the other alternative financings: Stock Exchanges dedicated to the SMEs, business angels, and SMEs' loans securitization. Moreover, the policies of enhancing bank loans to SMEs (initiated by the French government or the European Union), and also the relative weakness of SMEs' demand for financing, lead us to mitigate the prospects of a sudden growth of the Private Placement market.

Keywords: Financement; PME (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Published in Actualite Economique, 2015, 91 (3), pp.367-382

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Euro PP: comment situer le Placement Privé parmi les modes de financement des PME-ETI ? (2016)
Working Paper: Euro PP: comment situer le Placement Privé parmi les modes de financement des PME-ETI ? (2016)
Journal Article: Euro PP: comment situer le placement privé parmi les modes de financement des PME-ETI? (2015)
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:hal:journl:hal-01724238

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().