Marchés, organisations de la production et rentabilité des entreprises industrielles françaises (The markets, organisations and profitability of french manufacturing firms)
AbstractOur research has endeavoured to exploit recent analyses of products and market diversity in terms of the plurality of worlds of production. We show that there are severals ways to be profitable and there is no hierarchie between them. This study is conducted using a sample data of 1354 French companies from the Banque de France Sheet Data Centre that are active in the intermediate goods and business equipment sectors and have fewer than 2.000 employees. We demonstrate that the diversity of products ( generic or dedicated ) and of organisation ( specifics or not specifics assets ) does not create differences of capital structure or profitabilities. In fact this homogeneity express the difficulties for lenders to evaluate firms and appreciate their capacities to manage their own word. That means the capacities to manage the coherence of their action system, i.e. a choice of products and of organisation which allow them to be profitable.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Finance with number 9612001.
Length: 24 pages
Date of creation: 07 Dec 1996
Date of revision: 13 Sep 1997
Note: 24 pages in french, pdf
Contact details of provider:
Web page: http://188.8.131.52
equity; rate of retrurn; accumulation; sme's; organisation; productivity;
Find related papers by JEL classification:
- D2 - Microeconomics - - Production and Organizations
- G - Financial Economics
- L - Industrial Organization
- M - Business Administration and Business Economics; Marketing; Accounting
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.