Identifying the proper mix of growth-seeking strategies for Spanish SMEs: An analysis during times of economic boom and crisis
This study explores the potential effects of different combinations of growth-seeking strategies on performance in SMEs during long times of economic boom and crisis. Our hypotheses are tested on a representative sample of Spanish SMEs between 1994 and 2014. During these years Spain suffered one of...
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| Format: | Article |
| Language: | English |
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Asociación Española de Contabilidad y Administración de Empresas (AECA), Universidad Politécnica de Cartagena (UPCT)
2023-12-01
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| Series: | Small Business International Review |
| Subjects: | |
| Online Access: | https://sbir.upct.es/index.php/sbir/article/view/605 |
| _version_ | 1797371303444873216 |
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| author | Diana Benito-Osorio Alberto Colino-Fernández Luis Ángel Guerras-Martín José Ángel Zúñiga-Vicente |
| author_facet | Diana Benito-Osorio Alberto Colino-Fernández Luis Ángel Guerras-Martín José Ángel Zúñiga-Vicente |
| author_sort | Diana Benito-Osorio |
| collection | DOAJ |
| description | This study explores the potential effects of different combinations of growth-seeking strategies on performance in SMEs during long times of economic boom and crisis. Our hypotheses are tested on a representative sample of Spanish SMEs between 1994 and 2014. During these years Spain suffered one of the periods of greatest economic stability/growth in recent years (1994-2008), followed immediately by a period of severe crisis (2009-2014). Using dynamic panel data models, our findings reveal that four combinations exhibit a positive and statistically significant effect on performance in times of economic boom: a related product strategy combined with low, moderate, or high levels of internationalization, and an unrelated one combined with a moderate level of internationalization. Meanwhile, we find only two combinations with a positive impact on SME performance in times of crisis: a related product strategy combined with low and moderate levels of internationalization, respectively |
| first_indexed | 2024-03-08T18:17:51Z |
| format | Article |
| id | doaj.art-a993da72ccdf42baae4b6563887f7adf |
| institution | Directory Open Access Journal |
| issn | 2531-0046 |
| language | English |
| last_indexed | 2024-03-08T18:17:51Z |
| publishDate | 2023-12-01 |
| publisher | Asociación Española de Contabilidad y Administración de Empresas (AECA), Universidad Politécnica de Cartagena (UPCT) |
| record_format | Article |
| series | Small Business International Review |
| spelling | doaj.art-a993da72ccdf42baae4b6563887f7adf2023-12-31T09:56:07ZengAsociación Española de Contabilidad y Administración de Empresas (AECA), Universidad Politécnica de Cartagena (UPCT)Small Business International Review2531-00462023-12-0172e60510.26784/sbir.v7i2.605605Identifying the proper mix of growth-seeking strategies for Spanish SMEs: An analysis during times of economic boom and crisisDiana Benito-Osorio0Alberto Colino-Fernández1Luis Ángel Guerras-Martín2José Ángel Zúñiga-Vicente3Universidad Rey Juan Carlos - MadridUniversidad Complutense de MadridUniversidad Rey Juan Carlos - MadridUniversidad Rey Juan Carlos - MadridThis study explores the potential effects of different combinations of growth-seeking strategies on performance in SMEs during long times of economic boom and crisis. Our hypotheses are tested on a representative sample of Spanish SMEs between 1994 and 2014. During these years Spain suffered one of the periods of greatest economic stability/growth in recent years (1994-2008), followed immediately by a period of severe crisis (2009-2014). Using dynamic panel data models, our findings reveal that four combinations exhibit a positive and statistically significant effect on performance in times of economic boom: a related product strategy combined with low, moderate, or high levels of internationalization, and an unrelated one combined with a moderate level of internationalization. Meanwhile, we find only two combinations with a positive impact on SME performance in times of crisis: a related product strategy combined with low and moderate levels of internationalization, respectivelyhttps://sbir.upct.es/index.php/sbir/article/view/605smesgrowth-seeking strategiesproduct and geographic diversificationeconomic growthcrisis |
| spellingShingle | Diana Benito-Osorio Alberto Colino-Fernández Luis Ángel Guerras-Martín José Ángel Zúñiga-Vicente Identifying the proper mix of growth-seeking strategies for Spanish SMEs: An analysis during times of economic boom and crisis Small Business International Review smes growth-seeking strategies product and geographic diversification economic growth crisis |
| title | Identifying the proper mix of growth-seeking strategies for Spanish SMEs: An analysis during times of economic boom and crisis |
| title_full | Identifying the proper mix of growth-seeking strategies for Spanish SMEs: An analysis during times of economic boom and crisis |
| title_fullStr | Identifying the proper mix of growth-seeking strategies for Spanish SMEs: An analysis during times of economic boom and crisis |
| title_full_unstemmed | Identifying the proper mix of growth-seeking strategies for Spanish SMEs: An analysis during times of economic boom and crisis |
| title_short | Identifying the proper mix of growth-seeking strategies for Spanish SMEs: An analysis during times of economic boom and crisis |
| title_sort | identifying the proper mix of growth seeking strategies for spanish smes an analysis during times of economic boom and crisis |
| topic | smes growth-seeking strategies product and geographic diversification economic growth crisis |
| url | https://sbir.upct.es/index.php/sbir/article/view/605 |
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