Comparison between the Financial Structure of SME Versus Large Enterprise Using the Bach Data Base

152 Pages Posted: 31 Dec 1998  

Dorothe Rivaud-Danset

Université Paris XIII Nord - Faculty of Economic Sciences

Emmanuelle Dubocage

Université Paris XIII Nord - Faculty of Economic Sciences

Robert Salais

National Institute of Statistics and Economic Studies (INSEE)

Date Written: June 1998

Abstract

This study deals with the financial structures and the performances of small and medium-sized (SMEs) versus Large enterprises (LEs) using BACH data bank which is the most advanced available data base for comparison in this field. It covers the period 1990-1996 and concerns 9 countries (7 European countries, Japan and the United States).

The main results are the following: (1) regarding profitability, there are distinctive features of SMEs compared to LEs that transcend their nationality and the gross profitability is larger for SMEs than for LEs

(2) regarding financial patterns, specific national features of financial system have a strong impact on the firm behaviour, with small enterprise financial structures being more typified than larger ones

(3) a given rate of profit can be achieved following distinct models of profit formation ('market-based' and 'organisation-based' models);

(4) it also can be achieved with dramatically different financial patterns.

JEL Classification: D2, G3, M2

Suggested Citation

Rivaud-Danset, Dorothe and Dubocage, Emmanuelle and Salais, Robert, Comparison between the Financial Structure of SME Versus Large Enterprise Using the Bach Data Base (June 1998). Available at SSRN: https://ssrn.com/abstract=141478 or http://dx.doi.org/10.2139/ssrn.141478

Dorothe Rivaud-Danset (Contact Author)

Université Paris XIII Nord - Faculty of Economic Sciences ( email )

99, av. Jean-Baptiste Clement
Villetaneuse, F 93430
France
33-1-49-40-38-14 (Phone)
33-1-49-40-33-34 (Fax)

Emmanuelle Dubocage

Université Paris XIII Nord - Faculty of Economic Sciences

99, av. Jean-Baptiste Clement
Villetaneuse, F 93430
France

Robert Salais

National Institute of Statistics and Economic Studies (INSEE) ( email )

61 avenue du President Wilson
Batiment Laplace Institutions et Dynamiques Historiques de l'Economie UMR-CNRS 604 - IDHE
Cachan cedex 94235
France
33-1-47-40-68-40 (Phone)
33-1-47-40-68-42 (Fax)

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