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Choix du financement externe en fonds propres des PME et ETI : private equity ou Bourse ?

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  • Xavier Mahieux

Abstract

Over the last 30 years SME?s French financial markets have a long history of failure for financing SMEs and mid-market companies whereas private equity financing has been increasingly financing them. Relying on academic literature, this paper highlights that private equity is best fitted to preserve financial independence, an important feature of many SME?s shareholders and managers. This should be taken into account by policy makers. Classification JEL : G23, G24, G32, L25.

Suggested Citation

  • Xavier Mahieux, 2016. "Choix du financement externe en fonds propres des PME et ETI : private equity ou Bourse ?," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 291-304.
    • Handle: RePEc:cai:refaef:ecofi_121_0291
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    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • 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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