Revistes Catalanes amb Accés Obert (RACO)

Emprendimiento y supervivencia empresarial en época de crisis: el caso de Barcelona

Marian Buil Fabregà, Alfredo Rocafort Nicolau

Resum


Purpose: This article analyses the financial characteristics of the companies created
and surviving in Barcelona during the times of the financial and economic crisis. This
study compares the financial characteristics of the companies analyzed with the actions
and strategies taken by companies to maintain or increase business performance since
start of 2008 and determine if there are different patterns of behavior among
enterprises created in industrial and non-industrial sectors.
Design/methodology: Descriptive analysis of the medium and changes in financial
and human resource indicators that measure the strategies and actions taken by
companies in times of crisis. The database used was the SABI and the reference period
2008-2013.
Findings: Companies created in Barcelona at the beginning of the crisis and surviving
in Barcelona show a positive EBITDA, own resources are used to self-financing, to
cancel debt or decrease investment. The financial profitability ratios are very low
because the equity of the company is high and debt is low. Regarding indicators of
human resources, we indicate the importance of start-ups in generating employment
and their productivity rates are high. Originality/value: Define the financial characteristics of firms created and surviving in
Barcelona in times of crisis to determine if these new companies follow the actions
taken by companies to maintain or increase business performance since start of
2008.The existence of a statistically significant set of measures can guide future
entrepreneurs.

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