DIFFERENCES IN FINANCIAL PERFORMANCE AMONGST SPANISH SMES ACCORDING TO THEIR CAPITAL‐OWNERSHIP STRUCTURE: A DESCRIPTIVE ANALYSIS

Zuray Melgarejo, Katrin Simon and Francisco J. Arcelus

Annals of Public and Cooperative Economics, 2010, vol. 81, issue 1, 105-129

Abstract: ABSTRACT**: The purpose of this paper is to assess whether financial performance differences between labour‐managed (LOFs) and mercantile (PCFs) firms are due to differences in their capital‐ownership configuration or to the particular measurement indexes commonly used to quantify performance. The empirical evidence rests upon a 1994–2003 data set of LOFs and PCFs that operate in the Industrial and Services sectors of the economy of Navarre, Spain. The results do not detect significant differences in financial performance between LOFs and PCFs, especially in the long‐term and suggest the need to develop performance indices more akin to the special nature of the LOFs.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1467-8292.2009.00407.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:annpce:v:81:y:2010:i:1:p:105-129

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1370-4788

Access Statistics for this article

Annals of Public and Cooperative Economics is currently edited by Marco Marini

More articles in Annals of Public and Cooperative Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().