Please use this identifier to cite or link to this item: https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/10446
Title: Debt Management By Banks and Expansion of the Specific Investments: The French Experience
Authors: Anis Jarboui
Hamadi Fakhfakh
Issue Date: 2011
Publisher: Finance India
Abstract: The paper analyze the impact of banks on the adoption of specific investment in French non-financial companies through board representation and ownership stakes. The theoretical principles suggest that the banks refuse the financing of this type of investment. Therefore, the level of banking debth as anegative effect on the specific investment. Our hypotheses suggest that this effect changes according to the contribution of bankers in the corporate governance system. The results obtained by a set of w1i-varied parametric and non-parametric averages' comparison tests along with multi-varied analyses (logistics) carried out on a sample including 176 French listed firms over a six-year -period (1998-2003) show a change in the behaviour of banks following a real implication in the corporate governance system. Moreover this behaviour depends on the technological degree that characterizes the activity of the firms.
URI: http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/10446
Appears in Collections:Articles to be qced

Files in This Item:
File SizeFormat 
Debt Management by Banks and Expansion of the Specific Investments- The French Experience.pdf
  Restricted Access
6.54 MBAdobe PDFView/Open Request a copy


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.