This study aims at testing whether French wine exporting firms are financially constrained and whether there exists a link between financial constraint and their export performance. These ideas are supported a weakening of their financial health due to the structural crisis affecting the French wine industry, the size of the firm and the nature of the activity to finance.

Exporting wine firms appear as financially constrained as domestic ones. Moreover, even if financial constraint and financial fragility are positively linked, export performance is not linked to the financial fragility of exporting firms whereas exporting firms having a higher export margin and a lower export intensity and financial performance are less financially constrained.