{"id":60813,"date":"2018-07-06T13:09:42","date_gmt":"2018-07-06T11:09:42","guid":{"rendered":"https:\/\/fnege-medias.fr\/video-acf\/do-crises-impact-capital-structure-a-study-of-french-micro-enterprises-2\/"},"modified":"2026-03-31T00:18:03","modified_gmt":"2026-03-30T22:18:03","slug":"do-crises-impact-capital-structure-a-study-of-french-micro-enterprises","status":"publish","type":"video-acf","link":"https:\/\/fnege-medias.fr\/en\/fnege-video\/do-crises-impact-capital-structure-a-study-of-french-micro-enterprises\/","title":{"rendered":"Do crises impact capital structure? A study of French micro-enterprises."},"content":{"rendered":"<p>Micro-enterprises have an important place in the French economy with a share of 9% in the GDP. The management of their capital structure is a central element to guarantee their activity and development. This article proposes to study the determining factors of the capital structure of a sample of more than 4000 French micro-enterprises over the period from 2003 to 2013, with a focus on the impact of the 2007-2008 crisis. Our results show that micro-enterprises favor internal financing over external financing. During the crisis, micro-enterprises rely more on short-term debt to secure operational growth while limiting long-term debt to finance investments in tangible assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Micro-enterprises have an important place in the French economy with a share of 9% in the GDP. The management of their capital structure is a central element to guarantee their activity and development. This article proposes to study the determining factors of the capital structure of a sample of more than 4000 French micro-enterprises over the period from 2003 to 2013, with a focus on the impact of the 2007-2008 crisis. <\/p>\n","protected":false},"featured_media":14857,"template":"","format":[11969,11970],"meta":{"_acf_changed":false},"categories":[3148,3032],"tags":[1357,1359,743,1360,1361,1358],"class_list":["post-60813","video-acf","type-video-acf","status-publish","has-post-thumbnail","hentry","category-corporate-and-market-finance","category-finance-dentreprise-et-finance-de-marche","tag-capital","tag-crise","tag-croissance","tag-financement","tag-investissement","tag-tpe","format-recherche","format-research"],"acf":[],"_links":{"self":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf\/60813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf"}],"about":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/types\/video-acf"}],"version-history":[{"count":0,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf\/60813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/media\/14857"}],"wp:attachment":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/media?parent=60813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/categories?post=60813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/tags?post=60813"},{"taxonomy":"format","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/format?post=60813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}