External growth strategy and performance: An empirical study of French SMEs
نویسندگان
چکیده
We examine the impact of small firms’ external growth strategy on their performance using unique data all French firms that went public between 2006 and 2014. Using a difference-in-differences approach, we find conducting acquisitions experience higher profitability than relying other modes. However, observe no effect sales growth. The results are robust to different robustness checks, including propensity-score matching. Our findings support idea strategic organizational changes more “growth” operations. Furthermore, provide empirical insights importance strategies for SMEs.JEL classification: G34, L20, L25.
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ژورنال
عنوان ژورنال: Revue d'économie industrielle
سال: 2021
ISSN: ['0154-3229', '1773-0198']
DOI: https://doi.org/10.4000/rei.9865