000			01420cam a2200193 4500500
005			20250112031734.0
041			_afre
042			_adc
100	1	0	_aPaulet, Elisabeth _eauthor
245	0	0	_aThe Financial Structure of European Companies: An Empirical Investigation of the Neutrality of Balance Sheets
260			_c2003.
500			_a90
520			_aFinancial liberalisation has led to a large increase in the number of sources of finance for companies. The question is whether all companies have access to these various instruments. The aim of this article is to identify these characteristics as a function of size of company for the European countries. Following a survey of the literature, we go on to examine the determinants of the financial structure of European companies (Part I). Using the Biais, Hillion et Malécot (1995) model, we then examine in Part II the breakdown between these various sources of finance from 1989 to 1998. Finally, we enquire into the complementarity or substitutability of these various methods as a function of the size of company (Part III). Part IV sets out the conclusions.
690			_aEuropean companies
690			_afinancial policy
690			_abanking and commercial debt
786	0		_nEconomie & prévision | o 157 | 1 | 2003-03-01 | p. 71-82 | 0249-4744
856	4	1	_uhttps://shs.cairn.info/journal-economie-et-prevision-1-2003-1-page-71?lang=en
999			_c156738 _d156738