Advanced Search
MyIDEAS: Login to save this paper or follow this series

Financial constraints and economics behavior: the specificities of small manufacturing firms from 1985 to 1995

Contents:

Author Info

  • Bernard Paranque

    (Banque de France)

Abstract

The aim of this paper is to give an overwiev of the behavior of manufacturing firms, in particular the small ones and to go deeper into the conclusion of a previous paper ( Equity and rate of return, ew- fin- 9608001). After some quotes about capital structure and private firms, a comparison of own funds is made between german, french, spanish, italian and austrian manufacturing firms. We can find that french manufacturing firms, for each size studied, are less indebted than their foreign counterparts. Otherwise, french small firms are more profitable and more efficient than the larger ones. We then point out two economic behaviors. The first one depends on growth capacity of the firms and also on their accumulation outlay; the second depends on the intensity of the links with the financial markets, the facilities to obtain lendable funds, all aspects which oblige firms to make high financial profitabilities that can reduce accumulation decisions.

Download Info

If 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.
File URL: http://128.118.178.162/eps/fin/papers/9612/9612002.pdf
Download Restriction: no

Bibliographic Info

Paper provided by EconWPA in its series Finance with number 9612002.

as in new window
Length: 14 pages
Date of creation: 07 Dec 1996
Date of revision: 09 Sep 1997
Handle: RePEc:wpa:wuwpfi:9612002

Note: 14 pages , pdf
Contact details of provider:
Web page: http://128.118.178.162

Related research

Keywords:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Harris, Milton & Raviv, Artur, 1991. " The Theory of Capital Structure," Journal of Finance, American Finance Association, vol. 46(1), pages 297-355, March.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpfi:9612002. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.