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L'hyper-croissance dans la PME : de l'hyper performance à l'hyper fragilité

  • Christine Teyssier


    (COACTIS - UL2 - Université Lumière - Lyon 2 - Université Jean Monnet - Saint-Etienne)

  • Joy Courault


    (COACTIS - UL2 - Université Lumière - Lyon 2 - Université Jean Monnet - Saint-Etienne)

  • Muriel Perez


    (COACTIS - UL2 - Université Lumière - Lyon 2 - Université Jean Monnet - Saint-Etienne)

Registered author(s):

    Hyper-growth is a disruptive phenomenon in the SME: profitability requirements are strong and financial balances are delicate. In spite of the growth potential, the risks of failure are numerous. A comparative analysis of financial indicators allows underlining significant differences between failing SMEs and sustainable SMEs. The first firms show faster rates of growth during the survey period, but at the same time are less profitable and more under-capitalized. We discuss these results with a focus on the study of the link between the firm's growth and the financial slack.

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    Paper provided by HAL in its series Post-Print with number halshs-00647452.

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    Date of creation: 23 Mar 2012
    Date of revision:
    Publication status: Published in 1ère Journée du Financement de la PME/TPE, Mar 2012, Valenciennes, France
    Handle: RePEc:hal:journl:halshs-00647452
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