Reestructuración y tipo de propiedad en empresas en crisis. Diferencias entre empresas familiar y no familiares
- Jose Carlos Casillas
- José Luis Barbero Navarro
- Ana María Moreno Menéndez
ISSN: 2444-877X
Año de publicación: 2013
Volumen: 3
Número: 1
Páginas: 7-20
Tipo: Artículo
Otras publicaciones en: European Journal of Family Business
Resumen
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.
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