Bonsais in a Wild Forest? A Historical Interpretation of the Longevity of Large Spanish Family Firms

Paloma Fernández Pérez and Núria Puig Raposo

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2007, vol. 25, issue 3, 459-497

Abstract: This study presents the first results of an on-going study of longevity of large Spanish family firms. Its main objective is to provide solid data for a topic in which opinions are more abundant than scientific statistics, as well as to identify the keys to the survival and competitiveness of the almost 250 firms included in the study. It concludes that this reality is not just the result of two decades of integration in Europe or a fortunate endowment with some natural resources, but the outcome of a long learning process and the combination of two factors: specialization in market niches in which the state had no strategic interests and the creation of personal networks of cooperation and influence within and outside Spain.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:25:y:2007:i:03:p:459-497_00

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