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The position of firms in 2009: a decline in business and a reluctance to invest during the crisis

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Quarterly selection of articles - Bulletin de la Banque de France, 2010, issue 20, 5-35

Abstract: In 2009, French firms saw a sharp drop in business, particularly export sales. Their response to the crisis and their prudence enabled them to preserve their financial structure relatively well. In a very cautious environment, there was a sharp decline in investment. The situations of individual fi rms were highly contrasting.

Keywords: activity; profi tability; debt; investment; SMEs; MTEs. (search for similar items in EconPapers)
JEL-codes: E22 G30 G33 L23 L25 (search for similar items in EconPapers)
Date: 2010
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