[fre] Cet article présente un modèle des relations banques-entreprises en situation d'anti-sélection. L'asymétrie de l'information y est résolue par un double mécanisme : d'une part, les entreprises choisissent de diversifier plus ou moins leur approvisionnement en capitaux empruntés en...

In this work, we built a model of bank-enterprise relationships in an adverse selection situation. The informational problem is resolved by a double device. First, firms choose the number of potential lenders, then banks deduce some information of debtors?quality, therefore, we obtain a...

Within a framework of information asymmetry, we study the informative content of a lease financing decision. The riskiest firms being most disposed to increase their economic risk, we show the rationality of a signalling equilibrium in which the firms of better quality voluntarily restrict their...

This study tests for the presence of linear and nonlinear dependences in returns and volatility for six agricultural futures daily prices series, three traded on MATIF Euronext (wheat, corn, and rapeseed), and three traded on Chicago Board of Trade (red winter wheat, corn, and soybean) over the...