Le financement de l’innovation et de la R & D en France: un bilan statistique

Jean Belin and Marianne Guille

Revue d'Économie Financière, 2004, vol. 75, issue 2, 313-342

Abstract: [fre] Cet article analyse le financement des dépenses de recherche et d'innovation des entreprises. Tout d'abord, l'étude de la structure de financement des projets innovants montre l'importance des ressources internes et de l'aide publique. Elle révèle également la forte disparité des structures de financement des projets suivant les caractéristiques des entreprises. Puis, l'analyse du financement des dépenses de R& D permet de mettre en évidence les difficultés des entreprises à financer ces dépenses, en particulier pour les PME indépendantes. On note l'importance des ressources internes et de l'aide publique mais aussi des financements en provenance du groupe en période de choc conjoncturel. Enfin, les entreprises innovantes semblent posséder les structures financières les plus solides et les entreprises non-innovantes les moins favorables, la situation des entreprises de R& D se révélant intermédiaire. . Classification JEL : D8, D21, D43, E22, E44, E50 [eng] The financing of innovation and R& D in French investments . The purpose of this paper is to analyse all the available French data on the financing of innovation and R& D investments. Firstly, we study the financial structure of innovative projects. We show the importance of internal finance and to a lesser extent of public aid. In addition a high degree of heterogeneity seems to characterise firms in particular with regard to projects financial structure. Secondly, we analyse the financing of R& D investments. This allows us to highlight potential financial problems of R& D projects, specially for small independent firms. Finally, we compare the financial structure of firms engaged in R& D activities, innovating firms and non-innovating firms. Our results exhibit a hierarchy between these different types of firms : the financial structure of innovating firms appears to be more favourable than that of non-innovating firms while the financial structure of R& D firms is in-between. . JEL classification : D8, D21, D43, E22, E44, E50

Date: 2004
Note: DOI:10.3406/ecofi.2004.4908
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.3406/ecofi.2004.4908 (text/html)
https://www.persee.fr/doc/ecofi_0987-3368_2004_num_75_2_4908 (text/html)

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:prs:recofi:ecofi_0987-3368_2004_num_75_2_4908

Access Statistics for this article

Revue d'Économie Financière is currently edited by Association d'Économie Financière

More articles in Revue d'Économie Financière from Programme National Persée
Bibliographic data for series maintained by Equipe PERSEE ().