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The Strategies of the Spanish cotton textile companies before the Civil War: the road to longevity

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2012
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Taylor & Francis
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This study, based on family business theories, offers an innovative vision of the Spanish cotton industry. It proves that Spanish cotton companies, just like their European counterparts, implemented a strategy that was consistent with their nature as family businesses and went beyond the economic-institutional frames within which they developed. The article identifies this strategy as `conservative, because its main objectives were longevity and family control and because it was based on a high percentage of own resources, low levels of indebtedness and organic growth, thus sacrificing profitability for the sake of security.
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2010/0041/001
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Business History, 54(7): 1023 - 1054.
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