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The role of the second Financial market in financing small and medium enterprises in France

D: Bouabdallah Hiba

Summary
Small and medium enterprises, despite their
important role, do not meet the same interest as large
institutions on the parts of banks, nor other financial
institutions, because there is no accurate parameter system
that can assess their status and their ability to pay, which
makes the level of risk seem great. It becomes then
necessary to look for appropriate funding from other
sources, knowing that these entreprises cannot enter the
capital market because they do not fulfill the necessary
requirements to join it. Therefore, it is important to
establish a second financial market that meets their
specificities.
This study aims at examining the role and importance
of the second financial market in financing small and
medium enterprises by understanding the basic concepts
related to them and presenting the French experience.
Keywords: Small and Medium Enterprises, Second
Financial Market, Alternext, Euronext.