%0 Journal Article
%A Fernández-Roca, Fco. Javier
%T The Strategies of the Spanish cotton textile companies before the Civil War: the road to longevity
%D 2012
%@ 0007-6791
%U http://hdl.handle.net/10433/1944
%X 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.
%K family firms
%K cotton firms
%K strategies
%K Spain
%~