La hiérarchie des financements des investissements des PME.

@inproceedings{Mulkay1995LaHD,
  title={La hi{\'e}rarchie des financements des investissements des PME.},
  author={Beno{\^i}t Mulkay and Mohamed Najib Sassenou},
  year={1995}
}
  • Benoît Mulkay, Mohamed Najib Sassenou
  • Published 1995
  • Economics
  • [eng] The financing hierarchy of the investments in small and medium companies. . The modern financial theory assumes the existence of a financing hierarchy for the investments because of bankruptcy costs, different tax rates, asymmetric informations or principal-agents relationship in debt contracts. In this study, we try to verify the existence of such a hierarchy of financiang at the level of investments of french small and medium companies during the period 1990-92.. The results of the… CONTINUE READING

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