This paper aims at showing how the state may be an example in evaluation firms' quality. We develop this idea referring to a concrete experimental tool developed by the French Small Business Administration.

An important literature has pointed out the coordination problems faced by the agents, in particular the financial one when they have to manage risk and their portfolio. If we follow Kaldor and its definition of speculation, then we could point out that in this case agents are short term...

After publishing its first report in September 1997, the Own Funds Working Group, in agreement with the European Committee of Central Balance Sheet Offices, decided to continue its work in order to gain a better understanding of the differences in financing structures between countries. To this...

The purpose of this article is to propose a typology of the economic behaviour of French industrial companies in 1993 based on a sample of more than 7,000 companies participating in the Balance Sheet Data Centre of the Banque de France. The objective is therefore to explain how productivity and...

s: An earlier study (Cieply, Paranque, 1996) revealed the existence of a size effect in the determination of the financial structures of French firms over the period 1990-1993. However, this effect only appeared clearly above the 2000 employee threshold and was not sufficient to identify the...

Les interrogations nombreuses au sujet des PME en restent généralement à un constat d' insuffisance de fonds propre, confondant ainsi problème de financement et nature de celui-ci. En outre elles trouvent leur origine dans une comparaison abusive avec les grandes entreprises, ignorant des...

Our research has endeavoured to exploit recent analyses of products and market diversity in terms of the plurality of worlds of production. We show that there are severals ways to be profitable and there is no hierarchie between them. This study is conducted using a sample data of 1354 French...

The aim of this paper is to give an overwiev of the behavior of manufacturing firms, in particular the small ones and to go deeper into the conclusion of a previous paper ( Equity and rate of return, ew- fin- 9608001). After some quotes about capital structure and private firms, a comparison of...

Cette article se propose d'identifier des comportements économiques spécifiques et de les mettre en rapport avec les décisions d'investissement, en particulier immatériel, opérés par les entreprises. Il est tout d'abord nécessaire de définir la compétitivité et de proposer un...

Une importante littérature empirique est dévolue à la question du lien entre les facteurs financiers et les performances économiques des firmes. Dérivées du rejet de l’hypothèse classique de non incidence de la structure financière sur la dépense ou inscrites plutôt dans une logique...