The economic slowdown took a toll on SMEs’ profits and investments in 2012

J.-L. Cayssials. and J. Rhein.

Quarterly selection of articles - Bulletin de la Banque de France, 2013, issue 31, 19-44

Abstract: The difficult business environment that prevailed in 2012 adversely affected small and medium-sized enterprises (SMEs) in France and above all weighed on their profits. SMEs nonetheless maintained a sound capital structure and reduced their debt ratios, even though many of them were weakened by the shock from the 2009 recession.

Keywords: SME; business activity; profitability; investment; debt; equity (search for similar items in EconPapers)
JEL-codes: E22 E23 G30 G33 L25 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2013:31:02

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