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

Author

Listed:
  • Jean-Paul Décamps
  • Stéphane Villeneuve

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. Classification JEL : G11, G14, G22, G28, L25.

Suggested Citation

  • Jean-Paul Décamps & Stéphane Villeneuve, 2017. "Jusqu'où les compagnies d'assurance peuvent-elles investir dans le financement des dettes des PME/ETI ?," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 231-240.
    • Handle: RePEc:cai:refaef:ecofi_126_0231
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    More about this item

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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