Browsing by Subject "Firm size"

Now showing 1 - 5 of 5
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    Autoempleo: mito y realidad
    (Ateneo Cantonal de Estudios Políticos (ACEP), 2019) Peñarrubia Blasco, Diego
    En este trabajo confrontamos la retórica y la estadística sobre el autoempleo y el emprendimiento. En primer lugar, analizamos la evolución de los datos de los últimos 27 años a nivel mundial, para después ir acotando el objeto en términos temporales, espaciales y conceptuales, de forma que sirva de referencia para un análisis básico del emprendedurismo en España. La ev idencia muestra que, en relación con nuestro entorno, existen muchas empresas, relativamente pequeñas, y que ambos elementos guardan relación con nuestra brecha de productividad. El artículo reflexiona sobre la aparente contradicción entre estos datos y la continua apelación a la conveniencia de mayores tasas de emprendimiento y de protección de la pequeña empresa que se realizan desde diversas posiciones.
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    Estimation of future levels and changes in profitability: The effect of the relative position of the firm in its industry and the operating-financing disaggregation
    (2014) Amor-Tapia, Borja; Tascón Fernández, María T.
    In this paper we examine how the relative position of a firm’s Return on Equity (ROE) in industries affects the predictability of the next-year ROE levels, and the ROE changes from year to year. Using Nissim and Penman breakdown into operating and financing drivers, the significant role of the industry factor is established, although changes in signs suggest subtle non-linear relations in the drivers. Our study avoids problems originating from negative signs by analyzing sorts and by making new regressions with disaggregated second-order drivers by signs. This way, our results provide evidence of some different patterns in the influence of the first-level drivers of ROE (the operating factor and the financing factor), and the second-level drivers (profit margin, asset turnover, leverage and return spread) on future profitability, depending on the industry spread. The results on the role of contextual factors to improve the estimation of future profitability remain consistent for small and large firms, although adding some nuances.
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    Evidencia empírica en torno al estudio del factor tamaño como condicionante empresarial
    (2004) Gómez Miranda, María Elena; Rodríguez Ariza, Lázaro
    En este trabajo presentamos las principales conclusiones obtenidas a través de la realización de un estudio empírico, con el que contrastamos la hipótesis del condicionamiento empresarial por razón de su dimensión. La investigación se ha realizado a través de la aplicación de diversas técnicas de análisis multivariable, concretamente el análisis factorial, cluster y discriminante, sobre la información relativa a una muestra integrada por 6.600 empresas. Para la definición del tamaño empresarial se han tomado como referencia diversos criterios, los cuales están basados en los utilizados por algunas Centrales de Balances españolas para la clasificación y explotación de sus bases de datos. La interpretación de los resultados obtenidos nos permite concluir que las características económico-financieras de las empresas que integran nuestra muestra son independientes de su dimensión, incumpliéndose por tanto la hipótesis del condicionamiento empresarial por razón de su tamaño
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    Reassessing the link between firm size and exports
    (Springer, 2020-06) Hernández Martínez, Pedro Jesús; Fundamentos del Análisis Económico
    This paper re-examines the link between firm size and exports. The new theories of international trade emphasize firm heterogeneity as the theoretical basis of export behavior. In the context of this heterogeneity, this paper uses the quantile regression methodology to analyze the effects of firm size on firm export propensity (percentage of exported sales). The paper confirms the existence of a positive relationship between firm size and export propensity but finds that the conventional estimates of the elasticity of export propensity with respect to firm size on the average of the export propensities’ distribution underestimate the effect at the bottom of the distribution and overestimate the effect on the rest. Consequently, policies aimed at increasing exports should focus their efforts on increasing the size of those firms with a lower export propensity.
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    Start-up conditions and the performance of women -and men- controlled businesses in manufacturing industries
    (2010) Driga, Otilia; Prior, Diego
    Recent research into the economic performance of women-controlled firms suggests that their underperformance may not be the result of differences in the managerial ability of women as compared to men, and that it may in fact be a consequence of differing levels of start-up resources. Using accounting data, we examine the effects that selected start-up conditions have had on the observed economic performance of a sample of 4450 Spanish manufacturing firms. The results, which indicate significant differences in the initial conditions and show lower levels of assets and employee numbers in women-controlled firms, have implications for the economic performance of such firms