L'hyper-croissance dans la PME: de l'hyper performance à l'hyper fragilité

Christine Teyssier (), Joy Courault () and Muriel Perez ()
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Christine Teyssier: COACTIS - COnception de l'ACTIon en Situation - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne
Joy Courault: COACTIS - COnception de l'ACTIon en Situation - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne
Muriel Perez: COACTIS - COnception de l'ACTIon en Situation - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne

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Abstract: Hyper-growth is a disruptive phenomenon in the SME: profitability requirements are strong and financial balances are delicate. In spite of the growth potential, the risks of failure are numerous. A comparative analysis of financial indicators allows underlining significant differences between failing SMEs and sustainable SMEs. The first firms show faster rates of growth during the survey period, but at the same time are less profitable and more under-capitalized. We discuss these results with a focus on the study of the link between the firm's growth and the financial slack.

Keywords: SME; hyper-growth; failure; PME; hyper-croissance; performance; défaillance; slack (search for similar items in EconPapers)
Date: 2012-03-23
New Economics Papers: this item is included in nep-ent
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Published in 1ère Journée du Financement de la PME/TPE, Mar 2012, Valenciennes, France

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