R&D et innovation en France : quel financement pour les entreprises de la Défense ?

We study the financing of R&D and innovation expenditures of French defence firms at the end of a period characterised by a decline of defence purchasing. Our results provide some support for the hypothesis of a dependence of these firms on public aid. However, large groups receive most of this aid and small independent firms are more dependent on bank loans. Improving their financing may induce an increasing of their R&D and innovation expenditures. JEL: L60, L64, G32, O3