Real estate boom and French corporate investment

Denis Fougere, Rémy Lecat and Simon Ray
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Simon Ray: Centre de recherche de la Banque de France - Banque de France

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Abstract: The boom of the 2000s in France stimulated investment by firms with significant real estate holdings (positive collateral channel). Conversely, it was unfavourable to investment by younger firms, with fewer holdings, because of the induced cost (negative profit channel), which justifies the current attention given to the financing of SMEs.

Keywords: real estate assets; firms investment; real estate prices (search for similar items in EconPapers)
Date: 2017-08
Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03392919
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Published in 2017

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