Jusqu'où les compagnies d'assurance peuvent-elles investir dans le financement des dettes des PME/ETI ?

Décamps, Jean-Paul and Villeneuve, Stéphane (2017) Jusqu'où les compagnies d'assurance peuvent-elles investir dans le financement des dettes des PME/ETI ? : How Far Can Insurance Companies Invest in SMEs Debt Financing? Revue d'économie financière (126). pp. 231-240.

Full text not available from this repository.
Official URL: http://tse-fr.eu/pub/32198

Abstract

Under the combined effects of a decline in rates and the political desire to help finance the economy within a regulatory environment that is restrictive for banks, since 2012 the law has authorized insurance companies, under certain conditions, to allocate up to 5% of their clients’ savings to the private loan market and in this way to help finance small and mid-size companies. After describing the features of the financing mechanism with non-bank loans, the goal of this article is to use economic theory to propose a debate on the advantages and disadvantages of such a mechanism.

Item Type: Article
Sub-title: How Far Can Insurance Companies Invest in SMEs Debt Financing?
Language: French
Date: 2017
Refereed: Yes
JEL codes: G11 - Portfolio Choice; Investment Decisions
G14 - Information and Market Efficiency; Event Studies
G22 - Insurance; Insurance Companies
G28 - Government Policy and Regulation
L25 - Firm Performance - Size, Diversification and Scope
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 13 Apr 2018 13:28
Last Modified: 20 Jul 2018 09:30
OAI ID: oai:tse-fr.eu:32198
URI: http://publications.ut-capitole.fr/id/eprint/25756

Actions (login required)

View Item View Item