Person:
López-Manjón, Jesús D.

Profesor/a Contratado Doctor
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First Name
Jesús D.
Last Name
López-Manjón
Affiliation
Universidad Pablo de Olavide
Department
Economía Financiera y Contabilidad
Research Center
Area
Economía Financiera y Contabilidad
Research Group
Grupos Empresariales, Internacionalización y Longevidad de la Empresa Familiar
PAIDI Areas
Ciencias Sociales y Jurídicas
PhD programs
Identifiers
UPO investigaORCIDScopus Author IDWeb of Science ResearcherIDDialnet IDGoogle Scholar ID

Search Results

Now showing 1 - 7 of 7
  • Publication
    Accounting information as a facilitator of inter-generational transfer in family businesses: The case of an Andalusian business family
    (Investigaciones de Historia Económica, 2018) Fernández Roca, Francisco Javier; López-Manjón, Jesús D.; Gutiérrez Hidalgo, Fernando
    This article aims at contributing to the study of the factors conducive to a successful intergenerational transfer within a family business, understood as that which favors the longevity of the family firms. The literature has pointed out how such transmissions tend to generate tensions that can threaten the survival of the family firms and business family cohesion. An analysis is made of how a long-lived family business made use of accounting information during a process of inter-generational transfer. The case studied presents evidence on how the trust in accounting information was used to facilitate this process. It is concluded that trust in accounting information contributed to the longevity of familyfirmand family cohesion. In other words, it guaranteed the preservation of its socio-emotional wealth.
  • Publication
    Revisiting the boundaries of the sacred guilds and brotherhoods’ accounting in the last decade of the 16th century
    (aeca, 2021-06) López-Manjón, Jesús D.; Baños Sánchez-Matamoros, Juan
    This work questions whether religious organisations, whose members have common shared beliefs and sacred objectives but different levels of accounting awareness, behaved differently depending on their awareness to accounting techniques. To this aim, we have analysed the content of six rules of brotherhoods founded in the city of Seville (Spain) during the last decade of the 16th century. We have grouped the brotherhoods according to their being (or not) linked to a guild or professional group. We can conclude that their members’ familiarity with accounting, or lack thereof, can explain the dissimilar behaviour of brotherhoods in relation to accounting, but not to accountability.
  • Publication
    Family cohesion as a longevity factor of business with intergenerational transmission
    (Cambridge Journals, 2014-12) Fernández Roca, Francisco Javier; López-Manjón, Jesús D.; Gutiérrez Hidalgo, Fernando
    This article contributes to a line of research in Business History that aims to determine the factors of family business longevity in the long term with the study of individual cases. The literature has identified family cohesion as one of the essential factors for survival. Cohesion may be reinforced or broken at the time of the intergenerational transfer. This study finds that a critical response on the part of the business family to the difficulties associated with intergenerational transfer of control, including modifications to the original plan, is usually based on trust between generations. Within the business family cohesion facilitates intergenerational transfers and, consequently, allows the family to evolve and transform itself into a business dynasty.
  • Publication
    El flujo de caja como determinante de la estructura financiera de las empresas españolas. Un análisis en tiempos de crisis // Cash Flow as Determinant of Financial Structure of Spanish Firms. Analysis in a Crisis Period
    (https://www.upo.es/emch/portada, 2016) Rodríguez-Masero, Natividad; López-Manjón, Jesús D.
    Este trabajo propone el uso de la variable Flujo de Caja Contable de la Explotación (FCE) como un factor con incidencia significativa en la estructura financiera de la empresa española en un periodo (2008-2012) caracterizado por dificultades para la financiacion empresarial. En la literatura previa son escasos los trabajos que tienen en cuenta esta variable, midiendo la liquidez en la mayoría de los casos con datos obtenidos del Balance y la Cuenta de Resultados y no del Estado de Flujos de Efectivo (EFE). Metodológicamente se usa un análisis multivariante con datos de panel aplicados a una muestra de grandes empresas españolas no cotizadas. Adicionalmente, este trabajo se inserta en el debate teórico existente en la literatura acerca de los factores determinantes de la estructura financiera de las empresas. Los resultados indican que un modelo basado en datos del EFE, principalmente el FCE tiene capacidad predictiva de dicha estructura financiera.-----------------------------------This paper proposes the use of the Cash Flow from Operations (CFO) obtained from Cash Flow Statement (CFS) as a factor with significant impact on the financial structure of the Spanish firms in a period (2008-2012) that was characterized by difficulties in business finance. In the previous literature, there are few studies that consider this variable, since liquidity in most cases was measured with data obtained from the Balance Sheet and the Income Statement. Methodologically, we have used a multivariate panel data analysis applied to a sample of large Spanish companies not quoted on the stock exchange. Additionally, this work embeds into the theoretical debate existing in the literature about the determinants of the financial structure of firms. The results indicate that a data model based on gures from CSF, mainly the CFO, has predictive ability of the financial structure.
  • Publication
    Una historia retórica construida durante ciento ochenta años sobre la memoria social y la antigüedad. El caso de Acesur
    (Asociación Española de Historia Económica, 2022) Fernández Roca, Francisco Javier; López-Manjón, Jesús D.
    El artículo tiene como protagonista a la historia retórica que a lo largo de los años ha ido construyendo la empresa andaluza Acesur, una de las principales aceiteras españolas. En el texto se responde a las preguntas de cómo y cuándo la empresa a) configuró una narrativa histórica dirigida a agentes externos y desarrollada en torno a dos elementos clave: la antigüedad y la conexión de su región de origen con el aceite de oliva; b) cómo construyó social memory assets para identificarse, a sí misma y a sus marcas, con elementos de la cultura regional y catalizar así el efecto país de origen, y c) cómo adaptó el uso de su historia a sus propios cambios, a los de su entorno y a sus decisiones estratégicas. La historia retórica es una de las herramientas que, vigente durante más de ciento cincuenta años, ha colaborado al crecimiento de Acesur en los diferentes mercados en que opera.
  • Publication
    Business must go on: 175 years of an olive oil business beyond firms and families
    (Taylor & Francis, 2021) Fernández-Roca, Fco. Javier; López-Manjón, Jesús D.
    As opposed to most literature on the history of family firms, this article focuses on the continuance of business -products, services, markets-, which is not the same as the longevity of the firm, understood as the maintenance of ownership, control or management, or of the business family, with its kinship connections, succession of generations, etc. The article aims at demonstrating how a business can be perpetuated regardless of firms or owning families. For this purpose, it studies the case of an olive oil business related to several families and companies (most of them family firms) from 1857 to the present day. The history of this olive oil business explains how it persisted throughout the years with its factories, products and trademarks being transferred from firm to firm and from owner to owner. The work also underlines how, in this process, each new firm and each new owner claimed the accumulated heritage as their own. The article insists on the continuation of the business activity and highlights the relevance of studying, not only companies and owning families, but the businesses they develop.
  • Publication
    Accounting information as a facilitator of inter-generational transfer in family businesses: The case of an Andalusian business family
    (Elsevier, 2018) Fernández-Roca, Fco. Javier; López-Manjón, Jesús D.; Gutiérrez-Hidalgo, Fernando; López-Manjón, Jesús D.
    This article aims at contributing to the study of the factors conducive to a successful intergenerational transfer within a business family, understood as that which favors the longevity of the family firms. The literature has pointed out how such transmissions tend to generate tensions that can threaten the survival of the family firms and business family cohesion. We analyze how a long-lived business family made use of accounting information during a process of intergenerational transfer. The studied case evidences how the trust on accounting information was used to facilitate such process. We conclude that trust on accounting information contributed to the longevity of family firm and family cohesion. In other words, it guaranteed the preservation of its socio-emotional wealth.