Firm-Demography.org

Most recent articles

• French unemployment, lack of gazelles and Bercy laxity.

  25 June 2012, by Bernard Zimmern

  Firm-demography offers an explanation of French unemployment, based on 10 years of research and hundreds of studies with some 20 listed on this site. In France, we create 200,000 jobs a year less than we should, by not creating enough "gazelles". This is the failure of a tax administration, Bercy, that does not understand business creations and did not want to copy what works abroad.
  French unemployment? Lack of "gazelles", laxity of Bercy.
  The explanation of French unemployment is (...)

• French unemployment continues to rise

  15 June 2012, by Nathalie DROAL

  Despite all President Sarkozy’s efforts, unemployment has continuously increased since 2007. That is unfortunately the conclusion we draw from DARES and international statistics.
  Eurostat data shows a French unemployment rate at 9,7%, compared to 8,4% in 2007, which means an increase of more than 15%. But it is far from taking into account all the unemployed people. It follows the narrow International Labour Organisation (ILO) definition. In application of the international definition (...)

• How the National Institute of Statistics and Economic Studies (INSEE) conceals French disaster about creating companies and jobs

  27 May 2012, by Nathalie DROAL

  Job creation by new firms, as published by INSEE and used by Eurostat, is apparently at the same level in France and Germany. The truth is we are creating 2 to 3 times fewer companies born with employees * –the ones that can grow, become "gazelles" (High Growth Firms) and export - than Germany and England and, therefore, 200 000 fewer jobs per year. How did our National Institute conceal this disaster?
  Focus on a deliberate misinformation.
  If an economist visits Eurostat statistics, he (...)

• Is CDC Entreprises useful outside of the "com" for the State?

  8 April 2012, by Bernard Zimmern, Emmanuel Sala

  CDC Entreprise is the operating arm of Caisse des Dépôts,

• French companies dwarfism (3)

  6 April 2012, by Romain Sautard

  Though birth of new companies or growth of high growth firms lag behind UK and Germany, the increase in overall private employment is parallel. The reason of that apparent inconsistancy is found in the creation of low skill jobs by government French programs, such as home service jobs. But this does not increase exports and the cost to the public budget of those jobs is tremendously high.
  The French companies « dwarfism » (3)
  Recent studies performed by IRDEME show that, compare to its (...)

• French firms dwarfism (2)

  13 March 2012, by Romain Sautard

  The number of firms born without employees has been exploding in France but those born with employees, employer firms, have been steadily and ridiculously half Germany and UK

• French companies dwarfism (1)

  13 March 2012, by Romain Sautard

  The French trade deficit has been attributed to the lack of medium size companies but in fact France is lacking firms in all sizes above 10 employees.

• High Growth Firm in France

  20 January 2012, by Romain Sautard

  IRDEME, with the help of the pH Group (Experian), performed a study on the high growth firm in France (see definition below). It is the first time that such a study is done for France. Indeed, even OECD which has developed an observatory of high growth firm does not have data on such French companies as this kind of companies is not tracked by INSEE (French statistics office).
  Definition of High Growth Firms
  The most dynamic companies, called High Growth Firms (HGF) have the following (...)

• French companies earnings

  20 January 2012, by Romain Sautard

  In a previous study on equity capital of French companies, we have shown that, compared to British companies, French firms are undercapitalized. One of the potential reasons of this difference is that French companies earn fewer profits than British ones.
  Indeed, during a company life cycle, the main funding source for investments comes from the profits earned during the year. This is called self-financing. National accounting of non-financial companies shows that this kind of companies (...)

• Equity capital and companies’ strength

  25 November 2011, by Romain Sautard

  In this period of doubts and uncertainty in the global economy we are facing these latter weeks, and that had reached its peak last week with the announce of the Greek referendum (aborted) and the resignation from Papandréou in Greece and Berlusconi in Italy, it is important to have indicators allowing to know if European economies are strong enough to face an important crisis.
  One of these indicators could be the amount of equity capital of the companies of a country. Indeed, equity (...)