This article proposes an evaluation of export subsidies as a performance lever for small and medium-sized enterprises. By comparing the impact of export subsidies on both economic and financial performance and using the ordinary least squares (OLS) and generalized method of moments (GMM), our results show that using export subsidies has a positive impact on both the economic and financial performance of companies. When we focus our analysis on very small enterprises (VSEs), we find that only economic performance seems to be significantly and positively impacted. These results provide food for thought for the political debate as to what aid should be deployed and its benefits, as well as for the various stakeholders involved.
