The decline in profitability has affected the investment of SMEs

L.-M. Harpedanne de Belleville. and D. Lefilliatre

Quarterly selection of articles - Bulletin de la Banque de France, 2014, issue 35, 21-43

Abstract: The 2008 crisis dealt a severe blow to SMEs, and they are still struggling to get back to the growth rates seen before the global turmoil. After improving slightly between 2010 and 2011, profit margins have since deteriorated again, placing a drag on investment. Nonetheless, since 2010, SMEs have managed to strengthen their financial structure and increase their levels of shareholders’ equity.

Keywords: SMEs; profitability; investment; competitiveness; equity (search for similar items in EconPapers)
JEL-codes: E22 E23 G30 G33 L25 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://publications.banque-france.fr/sites/defaul ... s_35_2014-autumn.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2014:35:02

Access Statistics for this article

More articles in Quarterly selection of articles - Bulletin de la Banque de France from Banque de France Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS. Contact information at EDIRC.
Bibliographic data for series maintained by Michael brassart ().