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SMEs see a pick-up in business in 2010, but delay investment

J.L. Cayssials. and Francois Servant

Quarterly selection of articles - Bulletin de la Banque de France, 2011, issue 23, 5-33

Abstract: The pick-up in business in 2010 enabled SMEs to improve their profits and to build their equity, even if there were substantial disparities across companies. Increasing cash holdings and low investment are characteristic of cautious behaviour.

Keywords: SMEs; activity; profitability; debt; investment. (search for similar items in EconPapers)
JEL-codes: E22 G30 G33 L23 L25 (search for similar items in EconPapers)
Date: 2011
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