cover image: N° 2024-7 - EFFECTS OF A BUSINESS SUPPORT PROGRAM

N° 2024-7 - EFFECTS OF A BUSINESS SUPPORT PROGRAM

3 Sep 2024

In the second step (to join the SME program) the selection is driven by both the willingness of the CEO to apply to join the SME program, and by Bpifrance. [...] Data and descriptive statistics The first part of the Section is devoted to the presentation of data and the description of the supported firms, comparing the different cohorts of SME programs. [...] The year-end firm workforce also increases between the entry in the program and the year the firm exits from the program. [...] It consists of comparing the changes in the performance of the businesses in the supported group with that of the control group, before and after implementation of the program. [...] Thus, to take account for selection on unobserved variables, we consider as exclusion variables the age of the firm, the past variation in ROA and in the logarithm of the revenue.10 In a first step, we estimate three equations using data provided for the year preceding the entry in each of the three programs (2014 for PME1, 2015 for PME2, and 2016 for PME3).

Related Organizations

Banque de France
Pages
69
Published in
France

Table of Contents