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Euro PP : comment situer le Placement Privé parmi les modes de financement des PME-ETI ?

Author

Listed:
  • Sébastien Galanti

    (LEO - Laboratoire d'Économie d'Orleans [UMR7322] - UO - Université d'Orléans - UT - Université de Tours - CNRS - Centre National de la Recherche Scientifique)

  • Iarina Lazar

    (LEO - Laboratoire d'Économie d'Orleans [UMR7322] - UO - Université d'Orléans - UT - Université de Tours - CNRS - Centre National de la Recherche Scientifique)

Abstract

Launched by the end of 2012 in France, the EuroPP market aims at promoting the Private Placement as a complementary solution to the banking financing of small and medium enterprises. It is a partnership between an undertaking bank and different partners –mostly Insurance Companies. This article shows that this financing lies midway between banking and market financing. However its future success is not certain. It will depend on the success of the other alternative financings: Stock Exchanges dedicated to the SMEs, business angels, and SMEs' loans securitization. Moreover, the policies of enhancing bank loans to SMEs (initiated by the French government or the European Union), and also the relative weakness of SMEs' demand for financing, lead us to mitigate the prospects of a sudden growth of the Private Placement market.

Suggested Citation

  • Sébastien Galanti & Iarina Lazar, 2015. "Euro PP : comment situer le Placement Privé parmi les modes de financement des PME-ETI ?," Post-Print hal-01724238, HAL.
    • Handle: RePEc:hal:journl:hal-01724238
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    Keywords

    Financement; PME;

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