The Growth Choices of French Listed SMEs

Abstract

Many SMEs suffer from financing problems that hinder their growth. To overcome these difficulties, some list on the stock market and make a public offering. Does this favor the SMEs' growth? And what types of growth do SMEs prefer in this context? The empirical study shows an overall positive development of turnover, especially internationally. SMEs seem to focus on external growth at the expense of internal growth and short-term investment in R&D. [PUBLICATION ABSTRACT]