Real estate boom and French corporate investment

Denis Fougère (1) , Rémy Lecat (2) , Simon Ray (2)

1 OSC - Observatoire sociologique du changement (Sciences Po, CNRS)
2 Centre de recherche de la Banque de France

The boom of the 2000s in France stimulated investment by firms with significant real estate holdings (positive collateral channel). Conversely, it was unfavourable to investment by younger firms, with fewer holdings, because of the induced cost (negative profit channel), which justifies the current attention given to the financing of SMEs.

Mots clés: real estate assets; firms investment; real estate prices

Domaines: Economies et finances; Sociologie

Denis Fougère, Rémy Lecat, Simon Ray. Real estate boom and French corporate investment. 2017. ⟨hal-03392919⟩