Le financement d'une entreprise textile familiale: des logiques entrecroisées

Jean-Claude Daumas

Histoire, économie & société, 2002, vol. 21, issue 3, 377-394

Abstract: [eng] Abstract The management of family companies has for long been assimilated to inefficient and malthusian conservatism. The example of the Elbeuvian wool firm Blin et Blin, kept under the control of the same family since its foundation in 1827 until the suspension of its activity in 1975, shows to what extent it's difficult, for a family company, to find a opportune compromise between the interests of associates and those of the company. The Blin has successively adopted two opposite attitudes : the first is that of the industrialist entrepreneur who, concerned by development, combines self-financing, widening of social capital and recourse to loans in order to finance investments. The second is that of the conservative entrepreneur who doesn't look for more than to favour his personal income and maintain his acquired situation. The family, thus, can be at the same time a source of dynamism and fragility. [fre] Résumé La gestion des entreprises familiales a été longtemps assimilée à un conservatisme inefficace et malthusien. L'exemple de la firme lainière elbeuvienne Blin et Blin, demeurée contrôlée par la même famille de sa fondation en 1827 à sa cessation d'activité en 1975, montre la difficulté, pour une entreprise familiale, de trouver un compromis heureux entre les intérêts des associés et ceux de l'entreprise. Les Blin y ont successivement adopté deux attitudes opposées: celle, d'abord, de l'entrepreneur industrialiste qui, soucieux de croissance, associe autofinancement, élargissement du capital social et recours à l'emprunt pour financer les investissements ; celle, ensuite, de l'entrepreneur conservateur n'ayant d'entre perspective que de privilégier son revenu et de maintenir sa situation acquise. La famille peut donc être aussi bien source de dynamisme que de fragilité.

Date: 2002
Note: DOI:10.3406/hes.2002.2308
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