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SMEs see a pick-up in business in 2010, but delay investment

Author

Listed:
  • J.L. Cayssials.
  • F. Servant.

Abstract

The pick-up in business in 2010 enabled SMEs to improve their profits and to build their equity, even if there were substantial disparities across companies. Increasing cash holdings and low investment are characteristic of cautious behaviour.

Suggested Citation

  • J.L. Cayssials. & F. Servant., 2011. "SMEs see a pick-up in business in 2010, but delay investment," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 23, pages 5-33, Autumn.
    • Handle: RePEc:bfr:quarte:2011:23:01
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    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/quarterly-selection-of-articles_23_2011-autumn.pdf
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    Citations

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    Cited by:

    1. ., 2011. "Companies in France in 2010: a mixed picture," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 24, pages 29-68, Winter.

    More about this item

    Keywords

    SMEs; activity; profitability; debt; investment.;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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