Firm start-up strategies and performance in France: Survival and growth

Jean Bonnet, Nicolas Le Pape and Teresa Nelson
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Teresa Nelson: Simmons College School of Management - Boston

Economics Working Paper Archive (University of Rennes & University of Caen) from Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS

Abstract: Essential performance outcomes of the new firm, including survival and growth, are related to financial and operational factors of the firm. We present a model that shows that firm financing via debt has some influence on types of market outreach, survival, and also growth of new firms in France. Using a robust, longitudinal dataset of the population of firms throughout the country established, continuing, and closing over the period of 2002 to 2007 (available through the French government via the SINE Survey: Système d’informations sur les nouvelles entreprises), we show that for a given indebtedness of the new firm, the entrepreneurial behavior generally improves the survival and the growth of new ventures.

Keywords: High growth new firms; Aggressiveness; Indebtedness; Model; Performance. (search for similar items in EconPapers)
JEL-codes: C3 C41 L2 (search for similar items in EconPapers)
Date: 2011-10
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:tut:cremwp:201117

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