[eng] Trade credit and credit risk measures . The aim of this study is to derive different measures of the credit risk, from the observation of accounts receivable, account payable and trade credit during the 1990-1994 period. The trade credit risk has grown with the slowing down of the economy,...

[eng] Intercompany Credit Benefits Large Companies More Than SMEs . Terms of payment entail a substantial redistribution of funds among firms, involving some 740 billion French francs in 1 996. Net intercompany credit flows gravitate mainly toward large retail distribution and automotive...

[fre] Entre 1987 et 1995, les taux d’endettement des entreprises industrielles françaises et allemandes présentent deux différences importantes. Au cours de cette période, ce taux connaît une forte baisse en France alors qu’il est relativement stable en Allemagne. Le taux...

[eng] In France, as in other countries, a number of studies have shown the indisputable influence of financial constraints on business investment, especially among SMEs. These latter businesses are reported to find it harder to obtain market financing and bank loans. Yet, more often than not,...