العوامل المحددة لسلوك المؤسسات الصغيرة و المتوسطة الجزائرية اتجاه الاستدانة البنكية طويلة الأجل : دراسة تجريبية

الملخص EN

This article aims to determine the factors that affect the decision to resort to small and medium enterprises Algerian long-term bank to borrow money from the non-recourse to this funding source, through which consisted of 200 small and medium enterprise Algerian collected for this purpose sample.

Using the analysis model discriminatory, show that both profitability and growth have a negative impact on the adoption of this resolution, while all of the safeguards and size positively affect the decision of long-term bank debt.

This can be ascribed to the theory of peaceful arrangement and the theory of signal.

As the legal form also affect the decision to resort to bank financing long-term decision, Reverse Valtather for limited liability companies and institutions with only a limited liability partner, which is due to the specificity of these institutions, which are usually family, and prefer to finance self-savings, in addition to the lack of ability to withstand loan application costs, as well as providing the necessary guarantees and influence proportional to companies with shares, because the role of these institutions is a compilation of large savings in order to establish large projects.