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

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URI
http://hdl.handle.net/10433/1944
DOI
https://dx.doi.org/10.1080/00076791.2012.692077
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Authorship
Fernández-Roca, Fco. JavierAutoridad UPO Orcid Dialnet Scopus ResearcherID
Palabras clave
family firms
cotton firms
strategies
Spain
Publication date
2012
Abstract
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.
Identificador de proyecto
2010/0041/001
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  • DEMH - Artículos de revistas [37]

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