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Le choix du type et de la maturité de la dette par les firmes françaises

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  • Mehdi Nekhili

    () (Université de Bourgogne)

Abstract

This paper focuses on banks advantages, compared to bondholders, mainly by the induction of a better reliability for management. Hereafter, a panel of 84 French firms behavior in leverage is modelized. Our findings suggest that the quality of corporate management is not strictly related to the best ways to borrow money. Who is the investor, for which kind of investment, are the main determinants of type and maturity of debt French companies choose.

Suggested Citation

  • Mehdi Nekhili, 1999. "Le choix du type et de la maturité de la dette par les firmes françaises," Revue Finance Contrôle Stratégie, revues.org, vol. 2(3), pages 179-206, September.
  • Handle: RePEc:dij:revfcs:v:2:y:1999:i:q3:p:179-206
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    References listed on IDEAS

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    Cited by:

    1. Dhikra Chebbi Nekhili, 2008. "Le choix de la forme organisationnelle en matière d’investissement en R&D à l’étranger par les firmes multinationales:la contribution de la théorie des coûts de transaction," Revue Finance Contrôle Stratégie, revues.org, vol. 11(3), pages 155-188, September.

    More about this item

    Keywords

    financial intermediation; bank loan; bonds; maturity of debt; asymmetric information; moral hazard.;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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