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Real estate boom and French corporate investment

Abstract : 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.
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https://hal-sciencespo.archives-ouvertes.fr/hal-03392919
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Submitted on : Thursday, October 21, 2021 - 9:14:42 PM
Last modification on : Friday, October 22, 2021 - 4:54:49 AM

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

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