L'impact de la crise de 2008 sur le rationnement du crédit des PME françaises
Hervé Alexandre () and
Hélène Buisson-Stéphan ()
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Hélène Buisson-Stéphan: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
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Abstract:
Credit rationing is a classical phenomenon studied for a long period but the last financial crisis put it in the news. SMEs are particularly affected by this phenomenon and may be the main victims of the financial crisis and economic situation. This paper tries to estimate the scale of credit rationing for French SMEs over the period 2000-2008. French SMEs seem rationed throughout the period and especially in 2008, the year of financial crisis. The most rationed SME are younger, have a higher growth rate, emit less cash-flow and have fewer assets available to be guaranteed.
Keywords: Rationnement; pme; Crédit; Déséquilibre; Financement bancaire (search for similar items in EconPapers)
Date: 2014-07-04
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01067260v1
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Citations: View citations in EconPapers (9)
Published in Revue Internationale PME, 2014, 27 (2), pp.95:113
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Working Paper: L’impact de la crise de 2008 sur le rationnement du crédit des PME françaises (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01067260
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