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Les vertus du financement bancaire: fondements et limites

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  • Jean-Daniel Guigou
  • Laurent Vilanova

    (Université de Nancy 2)

Abstract

Many articles have attempted to define the raison d'être of banks in a context of financial disintermediation. Most of them have stressed the positive role of banks, due to their ability to produce and to transmit information about borrowers. This paper examines the validity of this consensus. The key issue is to identify the benefits but also the costs of bank debt. Three questions partially unresolved will be studied: Have the banks a special ability to manage the informational asymetries associated to credit relations ? Is the banking loan contract efficient in reducing the opportunism of banks ? How do borrowers choose among banks, trade creditors and the capital market ?

Suggested Citation

  • Jean-Daniel Guigou & Laurent Vilanova, 1999. "Les vertus du financement bancaire: fondements et limites," Revue Finance Contrôle Stratégie, revues.org, vol. 2(2), pages 97-133, June.
  • Handle: RePEc:dij:revfcs:v:2:y:1999:i:q2:p:97-133
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    Cited by:

    1. Lorena TUPANGIU, 2017. "Information Asymmetry and Credit Risk," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(19), pages 153-157, November.
    2. Philippe Frouté, 2007. "Theoretical foundation for a debtor friendly bankruptcy law in favour of creditors," European Journal of Law and Economics, Springer, vol. 24(3), pages 201-214, December.
    3. Laurent Vilanova, 2002. "Risque juridique et rôle des banques dans le gouvernement des entreprises," Revue Finance Contrôle Stratégie, revues.org, vol. 5(4), pages 137-175, December.
    4. Ali TFAILY, 2017. "Managing Information Asymmetry And Credit Risk – A Theoretical Perspective," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 652-659, November.
    5. Christophe Godlewski, 2009. "L’organisation des syndicats bancaires en France:taille, concentration et réputation," Revue Finance Contrôle Stratégie, revues.org, vol. 12(3), pages 37-63, September.

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    banks; bank contracts; debt structure.;

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