IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-00337429.html

Financial Constraints on New Firms : Looking for Regional Disparities

Author

Listed:
  • Jean Bonnet

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique, GSRL - Groupe Sociétés, Religions, Laïcités - EPHE - École Pratique des Hautes Études - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

  • Sylvie Cieply

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

  • Marcus Dejardin

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique, Faculté des Sciences économiques, sociales et de gestion, FUNDP - FUNDP - Facultés Universitaires Notre Dame de la Paix, FUNDP - Facultés Universitaires Notre Dame de la Paix, CREW - CENTRE DE RECHERCHE ECONOMIE WALLONNE - FUNDP - Facultés Universitaires Notre Dame de la Paix, CREW - Centre de Recherche sur l'Economie Wallonne - FUNDP - Facultés Universitaires Notre Dame de la Paix)

Abstract

Financial constraints affecting new firms are some of the factors most cited forimpeding entrepreneurial dynamics from flourishing. This article introduces the problem ofregional patterns of financial constraints. The research is conducted with regard to the Frenchregions and the new French firms being tracked at the firm level. It refers to entrepreneurialprojects that are concretized in new firms. General entrepreneurial intentions in the Frenchpopulation that are aborted due to financial constraints are not reported. The point is ofimportance as the firm financing conditions are considered. First, an assessment of theregional banking activity leads to the conclusion of a relatively homogeneous situation, theactivity in the core-region Île-de-France appearing however more contrasted. Second, thefinancial constraints affecting new firms are distinguished according to a four-case typologyof credit rationing. It appears, inter alia, that a majority of firms is not facing credit rationing,but also that a non-negligible share is "self-constrained". The classification is, third andfinally, differentiated according to the regions. Despite the relatively homogeneous bankingsupply, some differences may still be at work. The explanations are hypothetical at this stage butevidence suggests that the regional dimension should definitely deserve further attention.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jean Bonnet & Sylvie Cieply & Marcus Dejardin, 2005. "Financial Constraints on New Firms : Looking for Regional Disparities," Post-Print halshs-00337429, HAL.
    • Handle: RePEc:hal:journl:halshs-00337429
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

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


    Cited by:

    1. Gries Thomas & Naude Wim, 2011. "Entrepreneurship, Structural Change and a Global Economic Crisis," Entrepreneurship Research Journal, De Gruyter, vol. 1(3), pages 1-43, July.
    2. Wim Naudé, 2016. "Entrepreneurship and the Reallocation of African Farmers," Agrekon, Taylor & Francis Journals, vol. 55(1-2), pages 1-33, June.
    3. Juan A. Máñez & María E. Rochina-Barrachina & Juan A. Sanchis-Llopis & Oscar Vicente, 2013. "Financial constraints and Spanish manufacturing firms’ R&D and exporting," Working Papers 1324, Department of Applied Economics II, Universidad de Valencia.
    4. Marcus Dejardin & Nadine Levratto, 2023. "Entrepreneurial territories: measures, determinants, and outcomes," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(3), pages 539-546, December.
    5. Joze P. Damijan & Crt Kostevc, 2011. "Firms’ Patterns of Trade and Access to Finance," Chapters, in: Ewald Nowotny & Peter Mooslechner & Doris Ritzberger-Grünwald (ed.), Post-Crisis Growth and Integration in Europe, chapter 19, Edward Elgar Publishing.
    6. Giuseppe Arcuri & Nadine Levratto, 2020. "Early stage SME bankruptcy: does the local banking market matter?," Small Business Economics, Springer, vol. 54(2), pages 421-436, February.
    7. Martin Koning & Marie-Estelle Binet & François Facchini, 2010. "Les déterminants de la dynamique entrepreneuriale dans les régions françaises (1994-2003)," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00467900, HAL.
    8. Wim Naudé & Thomas Gries & Eric Wood & Aloe Meintjies, 2008. "Regional determinants of entrepreneurial start-ups in a developing country," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 20(2), pages 111-124, March.
    9. Thomas Gries & Wim Naudé, 2010. "Entrepreneurship and structural economic transformation," Small Business Economics, Springer, vol. 34(1), pages 13-29, January.
    10. Giuseppe Arcuri & Marc Brunetto & Nadine Levratto, 2019. "Spatial patterns and determinants of firm exit: an empirical analysis on France," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(1), pages 99-118, February.
    11. Juan A. Máñez Castillejo & Oscar Vicente-Chirivella, 2019. "Exports of Spanish manufacturing firms and financial constraints," Working Papers 1921, Department of Applied Economics II, Universidad de Valencia.
    12. Thomas Gries & Wim Naudé, 2008. "Entrepreneurship and Regional Economic Growth: Towards A General Theory of Start-Ups," WIDER Working Paper Series RP2008-70, World Institute for Development Economic Research (UNU-WIDER).
    13. Gries Thomas & Naude Wim, 2011. "Entrepreneurship, Structural Change and a Global Economic Crisis," Entrepreneurship Research Journal, De Gruyter, vol. 1(3), pages 1-43, July.
    14. Giuseppe Arcuri & Nadine Levratto, 2017. "New firms’ bankruptcy: does local banking market matter?," EconomiX Working Papers 2017-31, University of Paris Nanterre, EconomiX.
    15. Naudé, Wim, 2016. "Entrepreneurship and the Reallocation of African Farmers," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 55(01-2), May.
    16. Jože Damijan & Črt Kostevc & Sašo Polanec, 2015. "Access to finance, exporting and a non-monotonic firm expansion," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(1), pages 131-155, February.
    17. Jean Bonnet & Sylvie Cieply & Marcus Dejardin, 2007. "Does the regional dimension matter as regards finance and entrepreneurship ?," Post-Print halshs-00337426, HAL.
    18. repec:ags:ijag24:346852 is not listed on IDEAS

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

    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:hal:journl:halshs-00337429. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.