| 摘要 | 第4-6页 |
| ABSTRACT | 第6-7页 |
| 1 GENERAL INTRODUCTION | 第11-16页 |
| 1.1 Research problem | 第12-13页 |
| 1.2 Hypothesis | 第13-14页 |
| 1.3 Research object | 第14页 |
| 1.4 Methodology | 第14页 |
| 1.5 Literature review | 第14-15页 |
| 1.6 Work structure | 第15页 |
| 1.7 Time schedule | 第15-16页 |
| 2 CHAPTER 2-A FAVOURABLE ECONOMIC CONTEXT TO BONDMARKET EMERGENCE | 第16-26页 |
| 2.1 A tightening of financing conditions | 第16-18页 |
| 2.2 Important changes in the legal framework for banks and insurance companies | 第18-23页 |
| 2.3 Bonds, a seducing investment in a uncertain economic context | 第23-26页 |
| 3 CHAPTER Ⅲ-CHARACTERISTICS,RISKS AND CONSTRAINTSRELATED TO BOND NVESTMENT | 第26-37页 |
| 3.1 Bond diversity | 第26-29页 |
| 3.2 Risks related to bond investment | 第29-33页 |
| 3.3 Financial rating and rating agencies | 第33-35页 |
| 3.4 Constraints related to the introduction in stock exchange | 第35-37页 |
| 4 CHAPTER4-BOND FINANCING, FOR WHICHCOMPANIES | 第37-40页 |
| 4.1 A sound financial situation with a reasonable debt level | 第37-38页 |
| 4.2 Recurrent cash-flows and long-term visibility | 第38-39页 |
| 4.3 The underlying asset | 第39-40页 |
| 5 CHAPTER 5-NYSE'S ANSWER TO SMEs FNANCINGDIFFICULTIES | 第40-46页 |
| 5.1 Private Placements | 第40-42页 |
| 5.2 The Initial Bond Offering | 第42-46页 |
| 6 CHAPTER 6-BARRIERS TO BOND DEVELOPMENT INFRANCE | 第46-53页 |
| 6.1 The bond market remains difficult of access to small size companies | 第46-47页 |
| 6.2 A fierce competitor: Private equity | 第47-51页 |
| 6.3 A prejudicial lack of financial information | 第51-53页 |
| 7 CHAPTER 7-CASE STUDY:CAP VERT ENERGIE | 第53-61页 |
| 7.1 Presentation of the company | 第53-56页 |
| 7.2 Financing strategy | 第56-59页 |
| 7.3 RESULTS | 第59-61页 |
| CONCLUSION | 第61-64页 |
| ACKNOWLEDGMENTS | 第64-65页 |
| REFERENCES | 第65-67页 |
