Difficulties ans risks of interSME cooperation: solutions provided by private-equity firms

Difficultés et risques des coopérations inter-PME: Les solutions apportées par les sociétés de capital-investissement

Kirsten Burkhardt ()
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Kirsten Burkhardt: CREGO - Centre de Recherche en Gestion des Organisations (EA 7317) - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]

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Abstract: This article analyses the difficulties and risks small to medium sized companies (SME) encounter while forming interfirm cooperation, and the roles private equity-firms play, reducing those risks. SME mainly face higher information asymmetries and uncertainty compared to bigger companies. Private equity-firms help reduce both factors and to establish a situation of trust between the future interfirm cooperation partners. They thereby prevail the transaction to fail. A multiple case study of explanatory design, conducted on the French private equity market, details these major results.

Keywords: private equity market; small to medium sized companies (SME); Interfirm cooperation; Petites et moyennes entreprises (PME); coopérations interfirmes; capital-investissement (search for similar items in EconPapers)
Date: 2016
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Published in Revue Internationale PME, 2016, 29 (3-4), pp.73-107. ⟨10.7202/1038333ar⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01439878

DOI: 10.7202/1038333ar

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