Over-indebtedness, defined as the inability for a household to meet both essential living expenses and debt repayments, continues to be a significant phenomenon throughout Europe. The problem plays out differently in various countries depending on the relevant credit market, culture around...

Based on signaling theory, we explore the relationship between equity crowdfunding (ECF) financing and firm bankruptcy. We compare data from 317 ECF campaigns carried out by 277 French firms between 2010 and 2018 with 304 investment rounds conducted by 220 French firms financed by venture...

During the COVID-19 pandemic, the French government notably introduced a guaranteed loan program. Firms that benefited from state guarantee schemes (SGS) should, ceteris paribus, be relatively riskier than those that did not apply for SGS, and thus default risk should be higher for the...

La quatrième de couverture indique : "L'ouverture d'une procédure collective est l'occasion d'un conflit entre protection de l'emploi et survie de l'entreprise. Assurer la pérennité de cette dernière ne peut souvent être réalisé qu'au prix d'une réduction de l'effectif. Ce constat...