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Le capital-investissement

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Author Info
Philippe Desbrières () (Université de Bourgogne LATEC/FARGO)

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Abstract

Le capital-investissement intervient dans le financement de firmes nouvelles ou en phase de changement radical, qui diffère du financement par le marché des sociétés cotées, notamment en matière d'asymétrie informationnelle. Les capital-investisseurs s'attachent à réduire ce déséquilibre en évaluant directement le projet à financer et en mettant en place des mécanismes de contrôle appropriés. Dans une première section, sont présentés les liens et les différences existant entre le courant principal de la finance d'entreprise et le capital-investissement. La deuxième section est consacrée aux relations contractuelles existant entre les capital-investisseurs et les entreprises, avant que la décision e financement ne soit prise. La dernière section présente quant-à-elle les relations prévalant entre les parties après la mise en place du financement.

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File URL: http://www.u-bourgogne.fr/LEG/WP/1010302.pdf
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Publisher Info
Paper provided by Université de Bourgogne - Latec/Fargo (Research center in Finance,organizational ARchitecture and GOvernance) in its series Working Papers FARGO with number 1010302.

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Length: 10 pages
Date of creation: Mar 2001
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Publication status: published in Banque & Marchés, n°51, mars-avril 2001, p.40-45.
Handle: RePEc:dij:wpfarg:1010302

Note: article publié dans Banque & Marchés, n°51, mars-avril 2001, p.40-45.
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Postal: 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France
Phone: +33(0)380395435
Fax: +33(0)380395488

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Postal: Gérard Charreaux, Fargo-Latec, Université de Bourgogne 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France

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Related research
Keywords: capital-investissement financement asymétries informationnelle contrôle

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

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Philippe Desbrières & Sophie Manigart & Koen De Waele & Mike Wright & Ken Robbie & Harry Sapienza & Amy Beekman, 1999. "Venture capitalists, investment appraisal and accounting information: a comparative study of the US, UK, France, Belgium and Holland," Working Papers FARGO 0991102, Université de Bourgogne - Latec/Fargo (Research center in Finance,organizational ARchitecture and GOvernance). [Downloadable!]
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This page was last updated on 2009-6-23.


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