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Le recul de la rentabilité pèse sur l’investissement des PME

Author

Listed:
  • HARPEDANNE de BELLEVILLE, L-M.
  • LEFILLIATRE, D.

Abstract

La crise de 2008 a marqué une rupture pour les PME, qui n’ont pas retrouvé les rythmes de croissance d’avant-crise. Après une légère remontée en 2010-2011, leur rentabilité s’est encore détériorée, pesant sur l’investissement. Les PME ont toutefois amélioré leur structure financière et renforcé leurs capitaux propres depuis 2010.

Suggested Citation

  • HARPEDANNE de BELLEVILLE, L-M. & LEFILLIATRE, D., 2014. "Le recul de la rentabilité pèse sur l’investissement des PME," Bulletin de la Banque de France, Banque de France, issue 197, pages 23-42.
    • Handle: RePEc:bfr:bullbf:2014:197:03
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    More about this item

    Keywords

    PME; rentabilité; investissement; compétitivité; capitaux propres.;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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