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Comprendre le déficit de financement des PME pour stimuler leur croissance

Author

Listed:
  • Michel Dietsch
  • Xavier Mahieux

Abstract

Many questions have found no answer yet regarding SMEs financing. Actually SMEs present specific features giving rise to real constraints and leading to a financial gap. These specificities are the result of economic and behavioural characteristics and raise obstacles to their financing: a lack of information, a lack of incentives to growth and a lack of risk taking behaviour of financial institutions. But the structures of the French financial system are also a major explanation of this financing gap. Despite numerous dedicated financial instruments, French savings is not directed enough towards firms, especially SMEs. It is important therefore to improve the legal and regulatory environment to reduce all these obstacles and to induce behaviours changes. Classification JEL: G21, G23, G28, G32, L25.

Suggested Citation

  • Michel Dietsch & Xavier Mahieux, 2014. "Comprendre le déficit de financement des PME pour stimuler leur croissance," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 17-30.
    • Handle: RePEc:cai:refaef:ecofi_114_0017
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    Cited by:

    1. Pavel Lebedev, 2019. "Management Accounting Maturity Levels Continuum Model: a Conceptual Framework," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 5, January -.

    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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