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Public Aid for Born Globals: A Diagnostic for the French Economy

Author

Listed:
  • Flora Bellone

    (Université Côte d'Azur
    GREDEG CNRS)

  • Catherine Laffineur

    (Université Côte d'Azur
    GREDEG CNRS)

  • Sophie Pommet

    (Université Côte d'Azur
    GREDEG CNRS)

Abstract

Public investment banks aim to promote the growth of newly established firms, especially those that are the most innovative. An important policy challenge for such banks is to determine the extent to which and by what means they should support the rapid and early internationalization of these recently founded companies. To guide practitioners’ resource allocation decisions, this paper employs a unique dataset that combines comprehensive information on both the production and export activities of newly established French manufacturing firms over the period 1998-2015 and on a variety of public support instruments allocated to those firms by Bpifrance, i.e., the French public investment bank.

Suggested Citation

  • Flora Bellone & Catherine Laffineur & Sophie Pommet, 2020. "Public Aid for Born Globals: A Diagnostic for the French Economy," GREDEG Working Papers 2020-44, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    • Handle: RePEc:gre:wpaper:2020-44
    Note: To request an electronic copy of this paper, please email the author at catherine.laffineur@univ-cotedazur.fr
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    More about this item

    Keywords

    Born global; Firm-level data; Public investment bank; Export premia; Subsidies; Loans;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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