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Les choix financiers des PME : un modèle fondé sur les caractéristiques des dirigeants

Abstract : Many researches have focused on the person of the SME's owner-manager, but few research has been made upon VSME (less than 10 employees), whereas they form the greater part of the economic world. One of the major problems met by those VSME is the problem of debts. The basic idea of this research is that the values of the owner-manager, and his mental representations of bank, have an effect on the amount and the nature of debts. A two stage methodology has been used. First, a structural model has been achieved to etimate the causality. This model failed. Then a predictive clustering using a neural network has been developped, the optimization being controlled by a genetic algorithm. This procedure gave positive results. For each cluster of owner-manager, the link between values, mental representations and debts has been shown.
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Contributor : Yves Bouhin <>
Submitted on : Wednesday, November 30, 2011 - 11:55:49 AM
Last modification on : Monday, April 6, 2020 - 2:44:49 PM
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  • HAL Id : tel-00646570, version 1


Daniel Tilmont. Les choix financiers des PME : un modèle fondé sur les caractéristiques des dirigeants. Finance [q-fin.GN]. Université de la Réunion, 1997. Français. ⟨NNT : 1997lare0007⟩. ⟨tel-00646570⟩



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