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dc.contributor.authorFilareto-Deghaye, Marie Christineen_US
dc.contributor.authorSeverin, Ericen_US
dc.date.accessioned2007-12-05en_US
dc.date.accessioned2010-12-16T15:55:13Z-
dc.date.available2010-12-16T15:55:13Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/43412-
dc.description.abstractThe question of leasing credit as a substitute or complement of a banking loan has still not been resolved in the financial literature. As a continuation of these arguments, the objective of this article is, on the one hand, to determine the characteristics of firms using leasing credit and on the other hand, to better understand the relationship between leasing and credit rationing. Firstly, our results suggest that SME use leasing all the more the leasing so when they are young, leveraged, less solvent and that they present an small size and an important failure probability. Thus, leasing pushes back the limits of banking debt for firms that have no access to it. Secondly, our results suggest a strong and significant relationship between credit rationing and the use of leasing. In this framework the latter appears to be a last resort financing.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesEconomic analysis working papers 2007,6en_US
dc.subject.ddc330en_US
dc.subject.stwKlein- und Mittelunternehmenen_US
dc.subject.stwUnternehmensfinanzierungen_US
dc.subject.stwFinanzierungsleasingen_US
dc.subject.stwKrediten_US
dc.subject.stwKreditrationierungen_US
dc.subject.stwFrankreichen_US
dc.titleDeterminants of the choice leasing vs bank loan: Evidence from the French SME by KACMen_US
dc.typeWorking Paperen_US
dc.identifier.ppn551129972en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Economic Analysis Working Papers: EAWP, Economists Association of La Coruña

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