The development of high-growth agribusinesses in the aftermath of the 2008 financial crisis

Nuria Arimany-Serrat, Elisenda Tarrats-Pons and Petra Nylund

World Review of Entrepreneurship, Management and Sustainable Development, 2019, vol. 15, issue 4, 441-459

Abstract: The impact of the 2008 financial crisis has led the region of Central Catalonia, Spain, to rely even more on agribusiness. This industry represents a large share of employment and sales income in the region. In addition, high-growth firms drive a disproportionate share of regional economic growth. We therefore analyse the economic and financial health of high-growth agribusinesses in Central Catalonia during the period 2008-2013. We find that these firms exercise frugal financial management during the studied years, and that their economic profitability is a function of their solvency and the employee productivity. We conclude by discussing the implications of these findings.

Keywords: economic and financial analysis; high-growth firms; agribusinesses; profitability; financial return; Catalonia. (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ids:wremsd:v:15:y:2019:i:4:p:441-459

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