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.
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 |
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Sub-title: | How Far Can Insurance Companies Invest in SMEs Debt Financing? |
Language: | French |
Date: | 2017 |
Refereed: | Yes |
JEL Classification: | 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), TSM Research (Toulouse) |
Site: | UT1 |
Date Deposited: | 13 Apr 2018 13:28 |
Last Modified: | 02 Apr 2021 15:57 |
OAI Identifier: | oai:tse-fr.eu:32198 |
URI: | https://publications.ut-capitole.fr/id/eprint/25756 |