Reestructuración y tipo de propiedad en empresas en crisis. Diferencias entre empresas familiar y no familiares

• Autores: José Carlos Casillas Bueno , José Luis Barbero, Ana María Moreno Menéndez
• Localización: European Journal of Family Business, ISSN-e 2444-8788, ISSN 2444-877X, Vol. 3, Nº. 1, 2013, págs. 7-20
• Idioma: español
• Títulos paralelos:
  • Turnaround Strategy and ownsership structure in declining firms: diferences between family and non - family businesses
• Enlaces
  • Texto completo (pdf)
• Dialnet Métricas: 1 Cita
• Resumen
  • español

    El presente trabajo analiza la influencia de la estructura de propiedad en las estrategias de reestructuración en empresas en crisis, específicamente, en el caso de las pequeñas y medianas empresas. En concreto, nos centramos en el estudio de las diferenci as entre empresas familiares y no familiares a la hora de afrontar y reaccionar ante resultados decrecientes. Sobre una muestra de 1.807 empresas españolas (PYMEs), de las que 947 están controladas por una persona o familia, hemos encontrado que las empres as familiares con resultados negativos tienden a mantener o aumentar puestos de trabajo al tiempo que reducen sus activos a través de procesos de desinversión. Asimismo, hemos comprobado que esta relación se da con mayor intensidad en el caso de las empres as familiares de menor tamaño y edad.

    Finalmente , el nivel de concentración de la propiedad también parece ejercer un papel moderador.

  • English

    The present paper analyzes the influence of the ownership structure on turnaround strategies in declining firms, especially in the case of small and medium - sized businesses. Concretely, we focus on the study of the differences between family and non - family businesses when they react to decreasing financial results during few years. Using a sample of 1,807 Spanish firms (SMEs), 947 of them controlled by a single person or a family, we have found that family - owned businesses with negative results tend to main tain or increase the number of employees while they reduce their assets, by divestments operations. We have also confirmed that this relationship is more intense in the case of smaller and younger family - owned businesses. Finally, we have considered concen tration of ownership structure as an additional moderator variable in the study.

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