IDEAS home Printed from https://ideas.repec.org/a/cai/rendbu/entre_121_0071.html
   My bibliography  Save this article

Slack financier et forte croissance dans la PME

Author

Listed:
  • Nathalie Claveau
  • Muriel Perez
  • Isabelle Prim-Allaz
  • Christine Teyssier

Abstract

The notion of slack has been historically proposed by the resources approach (Penrose, 1959) to explain growth. Paradoxically, against the arguments of its detractors (mainly under the agency theory), empirical studies have mostly investigated the role of the slack in business performance, measured primarily in terms of profit. These studies have led in mixed results, but nevertheless highlighting various types of slack, with potentially rather different functions in the performance. The overall objective of this study is to test empirically, on one hand, types of financial slack who influence growth, and on the other hand, those who contribute most to the entry into high growth. Results finally show the influence of two types of slack on the high growth : potential slack (debt capacity) and absorbed slack (asset turnover). The growth would rely more on the ability of the business to leverage its resources, as resource levels per se.

Suggested Citation

  • Nathalie Claveau & Muriel Perez & Isabelle Prim-Allaz & Christine Teyssier, 2013. "Slack financier et forte croissance dans la PME," Revue de l'Entrepreneuriat, De Boeck Université, vol. 12(1), pages 71-99.
    • Handle: RePEc:cai:rendbu:entre_121_0071
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=ENTRE_121_0071
    Download Restriction: free
    File URL: http://www.cairn.info/revue-de-l-entrepreneuriat-2013-1-page-71.htm
    Download Restriction: free
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mehdi Bensouda & Mimoun Benali, 2022. "Overcoming Risk Aversion Regarding Energy Efficiency Practices through Mimetic Pressure and Financial Slack: Findings from the Moroccan Manufacturing Sector," Sustainability, MDPI, vol. 14(23), pages 1-15, December.

    More about this item

    Keywords

    SME; growth; high growth; slack;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:rendbu:entre_121_0071. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-de-l-entrepreneuriat.htm .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.