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The financial position of SMEs in 2009: a financial structure that has proven resilient to the crisis

J.L. Cayssials and Elisabeth Kremp

Quarterly selection of articles - Bulletin de la Banque de France, 2010, issue 19, 31-62

Abstract: In 2009, the crisis affected SME’s profitability more than their financial structure. Major differences remain between SMEs, with increasing numbers of failures in this category. The decline in investment, which was already weak before the crisis, is compromising their ability to recover in the medium term.

Keywords: SME; business activity; profitability; debt; investment; corporate failures. (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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