The Role Of The Second Financial Market In Financing Small And Medium Enterprises In France

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.