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Tests des motifs transactionnels et financiers du crédit commercial:le cas des firmes lorraines

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Author Info
Ydriss Ziane () (Université de Nancy)
Abstract

(VF)Cette contribution traite du crédit interentreprises et des délais de paiement particulièrement longs pratiqués par les entreprises françaises.Sur la base d’un échantillon de firmes industrielles et commerciales de la région Lorraine, observées de 1998 à 2006, nous produisons des informations pour mieux appréhender les mécanismes de la première forme de financement à court terme des sociétés françaises. Les motifs théoriques relevant de considérations transactionnelles et financières sur le sujet sont testés à l’aide d’investigations statistiques et économétriques. Ces dernières soulignent la prédominance de considérations financières, liées notamment à la disponibilité des crédits bancaires, pour expliquer les comportements en matière de financement commercial.(VA)This paper studies the high levels of trade credit accounts due to the long payment delays practiced by French firms. On the basis of a panel of industrial and commercial firms from the Lorraine region, observed between 1998 and 2006, we provide information to better understand the mechanisms underlying the most important form of short-term financing for French firms. The most relevant results from the related financial theories are tested by applying statistical and econometric methods. They demonstrate the predominance of financial considerations, notably those concerning the availability of bank credit when it comes to explain trade credit behaviors.

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Publisher Info
Article provided by Editions Economica in its journal Revue Finance Contrôle Stratégie.

Volume (Year): 12 (2009)
Issue (Month): 1 (March)
Pages: 67-92
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Handle: RePEc:dij:revfcs:v:12:y:2009:i:q1:p:67-92.

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Related research
Keywords: crédit interentreprises; délais de paiement; motif transactionnel; motif financier; trade credit; payment delays; transactional motive; financial motive.;

Find related papers by JEL classification:
G30 - Financial Economics - - Corporate Finance and Governance - - - General
G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure

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This page was last updated on 2009-12-1.


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