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The position of firms in 2009: a decline in business and a reluctance to invest during the crisis

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    Abstract

    In 2009, French firms saw a sharp drop in business, particularly export sales. Their response to the crisis and their prudence enabled them to preserve their financial structure relatively well. In a very cautious environment, there was a sharp decline in investment. The situations of individual fi rms were highly contrasting.

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    File URL: http://www.banque-france.fr/fileadmin/user_upload/banque_de_france/publications/QSA-20_01.pdf
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    Bibliographic Info

    Article provided by Banque de France in its journal Quarterly selection of articles - bulletin de la Banque de France.

    Volume (Year): (2010-2011)
    Issue (Month): 20 (Winter)
    Pages: 5-35

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    Handle: RePEc:bfr:quarte:2010-2011:20:01

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    Postal: Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS
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    Related research

    Keywords: activity; profi tability; debt; investment; SMEs; MTEs.;

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    1. Cayssials, J. L. & Kremp, E., 2010. "SMEs in the manufacturing sector in France an intermediate position compared with eight other European countries," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 18, pages 27-44, Summer.
    2. Cayssials, J-L. & Kremp, E., 2010. "La situation des PME en 2009 : leur structure financière résiste à la crise," Bulletin de la Banque de France, Banque de France, issue 181, pages 31-51.
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    Cited by:
    1. Muñoz, Mª Pilar & Márquez, María Dolores & Sánchez, Josep A., 2011. "Contagion between United States and european markets during the recent crises," MPRA Paper 35993, University Library of Munich, Germany.

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