IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01703496.html
   My bibliography  Save this paper

La gestion du fonds de roulement des PME en période de récession économique

Author

Listed:
  • Noomane Ketata

    (UQTR - Université du Québec à Trois-Rivières)

  • Josée St-Pierre

    (UQTR - Université du Québec à Trois-Rivières)

Abstract

La gestion du fonds de roulement représente un des éléments fondamentaux de la gestion des PME et celle-ci prend une dimension toute particulière lorsque les entreprises font face à un important ralentissement économique. Dans cette étude, nous démontrons comment les dirigeants des PME ont fait face à cette situation, en analysant les modifications apportées à leurs décisions de gestion du fonds de roulement pendant la récession qui a affecté l'économie nord-américaine en 1991-1992. Les résultats obtenus à partir des questionnaires reçus montrent que les PME ont subi un allongement de leur période de conversion des comptes clients. Pour stimuler l'accélération des paiements, les entrepreneurs ont augmenté leur taux d'escompte d'un demi point en moyenne. Toutefois, la récession n'a pas amené les dirigeants à durcir significativement leur politique de recouvrement. Du côté du financement, il apparaît que l'allongement de la période de conversion des comptes-clients a été financé par un allongement de la période de paiement des fournisseurs et non par une augmentation du financement bancaire. Pour ce qui est des stocks, les résultats montrent que les PME n'ont pas modifié leur politique de gestion des stocks et finalement, il n'a pas été possible de montrer que les PME ont répercuté les baisses de demande sur le niveau de leurs stocks.

Suggested Citation

  • Noomane Ketata & Josée St-Pierre, 1996. "La gestion du fonds de roulement des PME en période de récession économique," Post-Print hal-01703496, HAL.
  • Handle: RePEc:hal:journl:hal-01703496
    Note: View the original document on HAL open archive server: https://hal.science/hal-01703496
    as

    Download full text from publisher

    File URL: https://hal.science/hal-01703496/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Richard Burns & Joe Walker, 1991. "A Survey of Working Capital Policy among Small Manufacturing Firms," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 1(1), pages 61-74, Spring.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Padachi Kesseven D & Carole Howorth, 2014. "Focus on working capital management practices among Mauritian SMEs: Survey evidence and empirical analysis," E3 Journal of Business Management and Economics., E3 Journals, vol. 5(4), pages 097-108.
    2. Joe Walker & Richard Burns & Chad Denson, 1993. "Why Small Manufacturing Firms Shun DCF," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 2(3), pages 233-249, Summer.
    3. Godfred Adjapong Afrifa, 2013. "Working Capital Management Practices of UK SMEs: The Role of Education and Experience," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(4), pages 185-196, October.
    4. Selvanayaki, S. & Sivakumar, S.D. & Rohini, A. & Mani, K., 2016. "Financial Management Practices and Profitability of Modern Rice Milling Firms in Kangayam Cluster, Tamil Nadu," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 29(2).
    5. Dr. Vinay Kandpal & Prof P C Kavidayal, 2013. "Implication of Working Capital Management on the Profitability: A Case of ONGCLtd, India," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 4(2), pages 49-53, May.
    6. N Michaelas & F Chittenden & P Poutziouris, 1999. "Policy Implications Arising from the Impact of the Last Recession on the Capital Structure of UK SMEs," Environment and Planning C, , vol. 17(4), pages 411-430, August.

    More about this item

    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:hal-01703496. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.