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041 _afre
042 _adc
100 1 0 _aDécamps, Jean-Paul
_eauthor
700 1 0 _a Villeneuve, Stéphane
_eauthor
245 0 0 _aHow Far Can Insurance Companies Invest in SMEs Debt Financing?
260 _c2017.
500 _a36
520 _aUnder the combined effects of a decline in rates and the political desire to help finance the economy within a regulatory environment that is restrictive for banks, since 2012 the law has authorized insurance companies, under certain conditions, to allocate up to 5% of their clients’ savings to the private loan market and in this way to help finance small and mid-size companies. After describing the features of the financing mechanism with non-bank loans, the goal of this article is to use economic theory to propose a debate on the advantages and disadvantages of such a mechanism. JEL Codes: G11, G14, G22, G28, L25.
786 0 _nRevue d'économie financière | 126 | 2 | 2017-10-06 | p. 231-240 | 0987-3368
856 4 1 _uhttps://shs.cairn.info/journal-revue-d-economie-financiere-2017-2-page-231?lang=en
999 _c156617
_d156617