Sectors of Financing and Profitability

Euromed Marseille Ecole de Management Paper No. 12-2004

25 Pages Posted: 15 Mar 2004

Date Written: February 2004


This Article builds on a previous study on corporate financing regimes and refers to the economics of conventions. The issues at stake are not clearly identifiable because many of the factors involved are not explicitly stated, but rather implied. There is, however, an indirect approach based on what might be considered as the result of the combination of these elements. Thus, the available data on companies' capital structures show that some financing methods are tantamount to financing regimes. The analysis set forth in this article has facilitated research aimed at fostering tools and assessment procedures designed to enhance SMEs' access to financing.

Note: Downloadable document is in French.

Keywords: finance, evaluation, coordination, structure du capital, financial flexibility, overdraft

JEL Classification: D3, G3

Suggested Citation

Paranque, Bernard, Sectors of Financing and Profitability (February 2004). Euromed Marseille Ecole de Management Paper No. 12-2004, Available at SSRN: or

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