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X-ORIGINAL-URL:http://www.lgco.iut-tlse3.fr
X-WR-CALDESC:Évènements pour LGCO
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DTSTART:20150101T000000
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DTSTART;TZID=UTC:20150925T140000
DTEND;TZID=UTC:20150925T170000
DTSTAMP:20260911T063033
CREATED:20150719T081111Z
LAST-MODIFIED:20150719T081111Z
UID:943-1443189600-1443200400@www.lgco.iut-tlse3.fr
SUMMARY:Professeur invité - Stéphanie Serve
DESCRIPTION:Le LGCO recevra le 25 septembre à 14h Stéphanie Serve du THEMA – Université Cergy-Pontoise pour un séminaire. \nMultiple banking relationships: do firms mistrust their banks? \nThe case of privately held French SMEs \nCatherine Refait-Alexandre and Stéphanie Serve \n  \nAbstract \nA vast majority of French firms are privately held\, and small and medium-sized. Because these SMEs have difficulties to access alternatives financing sources\, they remain very dependent from bank financing. In this context\, our paper focuses on the use of multiple banking by private SMEs. We investigate whether multiple banking relationships are explained by firms’ characteristics (size\, age\, performance and risk) or by the quality of banking relationship as measured by the trust the firm feels toward its main bank. We use the results of an original survey conducted on a sample of French SMEs in December 2012. According to the traditional theoretical framework of multiple banking\, we find that the most performing firms are more likely to engage in multiple banking relationships. We also highlight the explanatory power of an alternative model based on two characteristics of the banking relationship\, distance and trust: when the manager is closer to his loan officer\, or when he expresses the desire to build a valuable relationship\, then the firm will be less likely to engage in multiple banking relationship. \nKeywords: multiple banking relationships\, trust\, credit rationing\, and financial crisis. \nJEL Classification: G21\, G32 \n
URL:http://www.lgco.iut-tlse3.fr/?tribe_events=professeur-invite-stephanie-serve
LOCATION:LGCO – Laboratoire Gouvernance et Contrôle Organisationnel\, 129 A\, Avenue de Rangueil\, Toulouse\, 31077\, France
CATEGORIES:Professeur invité
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