Antonia Madrid-Guijarro

Universidad Politécnica de Cartagena | UPCT · Departamento de Economía Contabilidad y Finanzas

En esta nueva edición el Informe Pyme 2024 se centra en analizar la gestión del talento que hacen las pymes, ya que se convierte en esencial en las pequeñas empresas especialmente por la escasez de recursos. Aquellas que tengan el equipo adecuado, asegurarán su competitividad y el desempeño mediante la innovación, la productividad y su capacidad de...

Purpose This research investigates the impact of Industry 4.0 technologies (I4.0) on the resilience of manufacturing firms against the COVID-19 pandemic. The study explores the mediating effects linked to the firm’s supply chain resilience and absorptive capacity in this relationship. Design/methodology/approach The empirical analysis involves 304...

El Informe Pyme 2023 se centra en esta ocasión en analizar los principales obstáculos a los que se enfrentan las pymes, a la hora de desarrollar su actividad, y elaborar una serie de propuestas que les permitan mejorar su competitividad y hacer frente al actual escenario de incertidumbre económica. El documento pretende ser una herramienta para la...

Environmental challenges have led to a shift toward more sustainable consumption and production patterns. Understanding the factors that influence consumers' choices toward green products is crucial for achieving sustainable development. This study investigates the adoption process of a low‐involvement eco‐innovation, examining the influence of the...

This research investigates the interplay of digital organizational culture (DOC), absorptive capacity (AC), supply chain resilience (SCR), and sustainable business performance (SP) in Mexican manufacturing industries based on the theory of dynamic capabilities. The study addresses the need to enhance supply chain resilience while considering social...

There is a broad consensus about Small and Medium‐sized Enterprises' (SMEs) responsibility for global pollution, resource consumption, and waste generation. However, numerous researchers have identified a research gap in the context of SMEs' managerial and operational environmental insights. Concretely, this gap involves management commitment, the...

Esta nueva edición supone el cuarto estudio regional que permite conocer la situación y evolución del tejido empresarial de la Región de Murcia. Facilita información sobre demografía empresarial (creación y desaparición) y su contribución a la generación de riqueza. Además, el análisis económico-financiero con información de 9 ratios para los últim...

La cultura financiera en la PYME constituye un novedoso campo de investigación de gran repercusión a nivel académico y profesional, evidenciándose su implicación en aspectos estratégicos, financieros y de rendimiento empresarial. Dado que son muchas las incógnitas que actualmente se encuentran sin resolver, este proyecto de investigación pretende s...

Previous literature showed mixed results about the impact of CEOs’ financial literacy (CFL) on small and medium-sized enterprises’ (SMEs) innovation. This relationship can be motivated by relevant variables, which are missing in the previous literature and make a difference as mediators. In this sense, based on the theoretical framework related to...

The aim of this work is to analyze the factors that help companies avoid liquidation following the spirit of the Spanish insolvency law. This work focuses on the phase starting when companies file for bankruptcy and ending with the completion of the common phase. We apply the agency theory to explain how insolvency administrators and court characte...

Open innovation (OI) has been appointed as a key factor to promote innovative performance, but some research gaps remain especially when it comes to SMEs in developing countries. This article deals with (1) the effect of formalization of innovation strategy on OI activities in SMEs, (2) the impact of OI activities on SMEs’ innovative performance, a...

The implementation of stricter sustainable policies and the tightening of environmental laws are forcing manufacturing companies, particularly those that make up the automotive industry, to make changes and improvements involving Circular Economy (CE) practices. However, CE practices do not always lead to an improvement in firm performance. This st...

This paper studies whether investments in Industry 4.0 improve performance and give SMEs (Small and Medium-Sized Enterprises) an opportunity to get ahead. We base our research on the competitive context by considering the number of firms in specific industries and the inverted-U framework. We analyze the effects of investing in five digital enabler...

El nuevo ambiente de los negocios exige a las empresas adaptar sus estrategias para adecuarlas al nuevo entorno que presenta un mercado cada vez más globalizado y competitivo. En este sentido, la transformación digital surge como un factor clave que debe ser incorporado en la estrategia de la organización, dado que permite mejorar el rendimiento de...

Currently, many institutions and academics are working to establish strategies of economic recovery with the aim of mitigating the short- and long-term impacts of the COVID-19 crisis. The main aim of this study is to analyze how this crisis has impacted Spanish SMEs, considering their operating, financial, and investment activities. We also analyze...

This work focuses on the study of how green strategies (GBS) and eco‐innovation (EI) contribute to increasing sustainable and financial performance in the context of the Mexican manufacturing industry, and whether these relationships are mediated by the practices involved in sustainable supply chains (SSCs). This analysis is carried out through an...

The purpose of this research is to study whether open innovation practices in SMEs favour technological innovations and the drivers of these. We propose a model of SME open innovation based on human capital (HC) approach and the commitment to learning with an emphasis on the risk taking and the formalization of an innovation strategy. The results,...

Creativity has been recognized as a critical factor in innovation development companies. Small companies find it more difficult to develop creative activities and achieve innovation, thereby affecting their competitiveness significantly. In this study, we examine the barriers to creativity in a sample of 154 manufacturing small and medium enterpris...

En 2013 la Cátedra participó en el desarrollo de la metodología base del primer estudio sobre la empresa familiar en España que vio la luz en 2015 y que publicó el Instituto de la Empresa Familiar. En 2017 realizó un estudio para la Región de Murcia a petición del Consejo Económico y Social. En 2019 se continuó la serie aportando una perspectiva no...

The aim of this paper is to study the influence of Corporate Social Responsibility (CSR) over Small and Medium-sized Enterprise (SME) innovation and the effect of two mediating variables, debt terms and human capital. Based on a sample of 2,825 Spanish SMEs and applying a Structural Equations Modelling, the results demonstrate that the effect of CS...

This research, grounded on the organizational information processing theory, studies whether the digital enabling technologies of Industry 4.0 (I4.0) impact innovation in small and medium enterprises (SMEs), and what role innovation strategies play in promoting I4.0 in SMEs. We consider two types of enablers, information and communication digital e...

This research analyses the influence of internal capabilities, identified as strategic by the literature, on the performance and innovation of Spanish construction companies during a recessionary period. Based on this, we studied whether innovative, marketing, financial, managerial, and human capabilities affect competitive success in terms of fost...

El artículo recoge un análisis de la evolución y dinámica empresarial de las empresas familiares de la Región de Murcia para el periodo 2015-2017. En concreto, se estudia la posición económico-financiera de las empresas familiares en términos comparativos con las empresas no familiares, así como la continuidad de las empresas familiares. Por ello,...

El análisis está centrado en pymes y grandes (PymeG) con forma societaria. Concretamente se han analizado los datos de 4.388 empresas en 2015 y 4.091 en 2017. Los resultados revelan que las EF suponen el 78% del tejido empresarial y crean el 61% de empleo en la citada dimensión. Evidentemente si se incluyeran las microempresas, la participación eco...

In complex situations with risks of critical irreversibility, decisionmakers must be able to take action quickly but also appropriately, especially in response to unexpected events. In these situations, "the first error in the trial-and-error-learning will also be the last trial" (Weick & Sutcliffe, 2011: 20). This paper assesses the contribution o...

The entrepreneurial intention in this work is addressed from the Theory of Planned Behavior. On the one hand, how personal abilities, such as creativity, proactivity, risk aversion and internal locus of control affect the multidimensional concept of entrepreneurial self-efficacy and the attitude toward entrepreneurship has been studied. Personal ab...

Purpose This study aims to empirically identify the relationship between gender diversity and organizational leadership. Design/methodology/approach A multifactor questionnaire, Form 6-S, developed by Bass and Avolio (1992), is used to measure leadership. The results are derived from univariate and multivariate analyses conducted through ordinary...

The main aim of this paper is to study the influence of the business environment on innovation strategy, innovative activity and performance in the SMEs. Business environment has been considered, taking into account its dynamism and its hostility. An empirical study is carried out on a sample composed by 302 Spanish firms. Results show that SMEs re...

In this study, we investigate whether accounting information quality is affected by the special characteristics of small- and medium-sized family firms. These companies have a particular power and management structure and different stockholder interests, compared to large companies. We go a step further than prior literature and use a multidimensio...

This study considers whether the specific governance mechanisms of Spanish family firms decrease their debt cost. We explore the idea of reducing debt costs through specific governance mechanisms of family firms, such as the business succession plan, the family council, as well as other traditional mechanisms like the board of directors. Because mo...

THe objective of this research is to analyze how the management gender affects the development of the organizational culture of small and medium enterprises (SMEs). To achieve this objective, a quantitative approach is used in which a sample composed of 600 SMEs of Murcia-Spain region is applied; the information is collected from a self-administere...

The purpose of this paper is to analyse the determinants of performance of businesses created by immigrants. An empirical study is carried out in the Spanish context, based on information obtained from 182 immigrant entrepreneurs. The immigrants come from African, Latin American and European countries. The results show that social capital, human ca...

La empresa familiar es la forma predominante en el tejido empresarial siendo la principal fuente de empleo y generación de riqueza. Relativamente desde hace pocos años se vienen realizando estudios sobre sus particularidades en distintas cuestiones como endeudamiento, rentabilidad, mortalidad, innovación, profesionalización, entre otras. No obstant...

In this article, we analyse through a sample of 112 companies representing the Spanish construction sector, the relationship between the development of strategic planning and the use of management control systems of the company and its performance. The results show that, traditional and advanced control systems, exert a positive influence on compan...

Purpose The aim of this paper is to explore how entrepreneurial skills (such as creativity, proactivity, and risk tolerance) and socio-cultural factors (such as role model and businessman image) affect secondary education students’ propensity towards entrepreneurial options in their future careers. Design/methodology/approach A sample of secondary...

The purpose of this paper is to study how different university–firm governance styles impact SMEs' innovation and performance. In this sense, we differentiate between relational governance – based on interpersonal links of trust – and contractual governance — based on codified scientific and technological knowledge. The empirical analysis is based...

This paper is a preliminary study about the main variables that impact on well-being and the use of work-life balance (WLB) practices, bearing in mind the type of employment, entrepreneurs versus non-entrepreneurs. The relationship between being self-employed and well-being is at least controversial, as there are factors which hamper and foster thi...

Purpose The purpose of this paper is to provide a better understanding of the determinants of small and medium-sized enterprises (SME) financing constraints and their impacts on investments in innovation. To explicate these factors, the authors use a general definition of innovation, distinguishing between product and process innovations, and highl...

El objetivo de esta investigación es identificar empíricamente la relación entre el género del gerente/propietario de la pyme y las características de la cultura intraemprendedora. Se realiza un estudio empírico con una muestra de 600 pymes de la Región de Murcia (España). La cultura intraemprendedora se analiza considerando la clasificación de Gál...

The aim of this work is to determine whether the accounting information provided by construction and real estate firms in Spain reflects the real economic activity, during upswings and downturns. A relationship is found between economic conditions and financial reporting in a continental European country such as Spain. Although there is a relations...

This article examines the effect of improvements in the quality of International Financial Reporting Standards (IFRS) on the level of earnings management. In order to achieve this aim, we study the accounting quality of German listed companies through discretionary accruals yielded from 1998 to 2006. We assess the effectiveness of efforts by the In...

This study investigates product, process, and management innovation among a sample of Spanish manufacturing small and medium-sized enterprises (SMEs) during the current economic downturn and a period of economic growth. Tobit analyses examined whether the level of process, product, and management innovation changed during the recessionary period re...

El cuarto capítulo está dedicado a las políticas de financiación de la empresa familiar, un factor clave para su desarrollo y competitividad. En particular, los profesores Duréndez Gómez-Guillamón y Madrid Guijarro plantean un trabajo con el título de “La financiación de la empresa familiar en época de crisis. Relaciones bancarias y condiciones de...

Innovation enables companies to achieve a sustainable timely competitive advantage and is a key determinant of economic growth. Funding has often been mentioned as a major barrier to carry out innovation activities. This empirical paper analyzes the relationship between funding sources and innovative activity by IberoAmerican micro, small and mediu...

Innovation enables companies to achieve a sustainable timely competitive advantage and is a key determinant of economic growth. Funding has often been mentioned as a major barrier to carry out innovation activities. This empirical paper analyzes the relationship between funding sources and innovative activity by Ibero American micro, small and medi...

El carácter emprendedor de los estudiantes de la UPCT ha vuelto a quedar de manifiesto en la encuesta del estudio ‘Intenciones emprendedoras entre el alumnado de la Universidad Politécnica de Cartagena’ que este jueves se presenta en el Rectorado y que arroja, como principal resultado, que el 47% de los alumnos de la Politécnica tiene por objetivo...

El aumento de la participación de la mujer en el mercado laboral ha estimulado que muchas investigaciones incorporen una “perspectiva de género” en el estudio de la actividad empresarial. En este trabajo se ha estudiado cómo el género incide en el comportamiento de una muestra de 600 Pymes de la región de Murcia (España) con base en diferentes vari...

'The concept of the "entrepreneurial economy" stems from the widespread belief that entrepreneurship is perhaps the most important and scarcest input factor of modern highly developed economies. This has resulted in a multitude of studies on the drivers and consequences of entrepreneurship in its many manifestations. Less is known about how entrepr...

Increasing participation of women in the job market has led many researches to incorporate a "gender perspective" within organizational activity studies. This paper studied how gender roles influence the behavior of SMEs in Murcia, Spain, based upon the different variables that characterize the organization by using a sample of 600 different SMEs....

El cuarto capítulo está dedicado a las políticas de financiación de la empresa familiar, un factor clave para su desarrollo y competitividad. En particular, los profesores DURÉNDEZ GÓMEZ-GUILLAMÓN, HERNÁNDEZ CÁNOVAS, MADRID GUIJARRO y RAMÓN LLORENS plantean una investigación con el título de «Relaciones bancarias y coste de la deuda en la pequeña y...

The creation of an innovative firm as a way to remedy the professional dissatisfactions of salaried people has been evoked early in the literature (Shapero 1975, 1977). In this paper, while covering the « elementary components » of global dissatisfactions we focus on eight specific fields: creativity, intellectual stimulation and variety related to...

Our study introduces a Spatial Efficiency Index. Its definition is based on the traditional concepts of “technology set” and “distance function”, as well as on spatial econometric methods. This index measures productive efficiency in each productive unit in relation to its close environment, instead of comparing each unit with all others. This way...

The aim of this paper is to research on organizational culture and management of family firms. We identify family-firms innovative culture and assess the relationship between organizational culture, management control systems (MCS) use and their effects on performance of SME family-firms. With this purpose, we carry out an empirical analysis on a s...

This article examines factors associated with financial distress among 1006 Spanish manufacturings (SMEs), distinguishing high and low technology industries. Financial distress is analysed using industrial organizational theory through the Porter's five competitive forces model (external factors) and the resource based view through strategic variab...

The aim of this paper is to present a {proposal to make students sensitive to entrepreneurship} aiming at familiarizing students to the setting up of new firms and stimulating such a course of action. This {{awareness campaign}} would take place during the student's curriculum and rest on a simulation exercise. This campaign is based on the results...

Innovation is one of the key competitive factors that enterprises should develop to assure their survival. The disadvantage of SMEs and their own characteristics of investment in innovation justify public intervention using government aid for innovation. The objective of financial support is to motivate a greater innovative effort that produces an...

La innovación es uno de los factores competitivos claves que deben desarrollar las empresas para asegurar su supervivencia. La situación de desventaja de laPYMEy las características propias de las inversiones en innovación, justifican la intervención pública vía ayudas gubernamentales a la innovación en la PYME. Las ayudas financieras tienen como o...

El objetivo de este trabajo es conocer la importancia que las agencias de Gobierno de los Estados de México conceden a la innovación al momento de apoyar a la Pequeña y Mediana Empresa (PyME). Se consideraron: Las prioridades que identifican las Agencias, los programas que ofrecen, los criterios de selección de las empresas apoyadas, y los criterio...

Innovation is widely recognized as a key factor in the competitiveness of nations and firms. Small firms that do not embrace innovation within their core business strategy run the risk of becoming uncompetitive because of obsolete products and processes. Innovative firms are a perquisite for a dynamic and competitive economy. This paper reports on...

Este trabajo tiene como propósito estudiar la existencia de tres tipos de sesgo en el proceso de solicitud y concesión de ayudas a la innovación a la PYME industrial en México (sesgo de motivación, sesgo de selección administrativa y sesgo de información). Para ello se realiza un estudio empírico sobre 169 PYME industriales, subvencionadas y no sub...

Public support (subsidy) for innovation: empirical evidence regarding an industrial PYME from south-eastern México This work was aimed at studying three types of bias in support for innovation being requested and conceded in industrial PYMEs in México (motivation bias, selection and administrative bias and information bias). An empirical study was...

Este trabajo analiza los efectos que distintos tipos de innovación ejercen en el rendimiento de las Pymes de Aguascalientes. Este tipo de análisis son esenciales, ya que la innovación permite a las organizaciones competir con éxito en un mercado globalizado y competitivo como el actual. En este trabajo se consideran distintos tipos de innovación y...

This work was aimed at studying three types of bias in support for innovation being requested and conceded in industrial PYMEs in México (motivation bias, selection and administrative bias and information bias). An empirical study was thus made of 169 subsidised and non-subsidised industrial PYMEs. Empirical study data was collected via a questionn...

Innovation facilitates how SMEs respond to market changes and maintain their competitive advantage. This paper analyses the relationship between the degree of innovation (measured as innovation in products, processes and administration systems) and performance among 1,091 Spanish manufacturing SMEs. The results show that innovation positively impac...

Uno de los agentes fundamentales del fenómeno ferial son las Organizaciones o Instituciones Feriales, que han tenido un papel protagonista en España en los últimos años. El objeto de este trabajo es analizar la realidad económica y financiera de las instituciones feriales (IF). Para ello se realiza un estudio empírico con una muestra de 34 IF, y se...

El objeto de este trabajo es verificar, en el contexto de las ayudas financieras a la innovación a la Pyme, la existencia de un posible sesgo de motivación y de selección administrativa. Para ello se realiza un estudio empírico con una muestra de 532 Pymes de la Región de Murcia. En cuanto al sesgo de motivación, los resultados ponen de manifiesto...

This paper reports the results of a study that examined the influence of competitive factors (product innovation, staff and planning issues, quality product, customer orientation and financial attractiveness) on firm performance among 543 Spanish manufacturing firms. The results showed that (1) managers’ rankings of the importance of competitive fa...

The objective of the paper relays on the study of specificities of professionally managed family firms. In that sense, we try to identify the characteristics of the family businesses managed by external managers in comparison with family firms whose control and ownership are in hands of the family. With this aim, we get a sample of 952 Spanish manu...

El objeto de este trabajo es analizar el impacto de los Incentivos Regionales sobre el rendimiento de las empresas industriales en España. Para ello, se realiza un estudio empírico con 382 empresas que participaron en el programa de Incentivos Regionales durante el periodo 1996-1998, y 382 empresas no subvencionadas de características similares a l...

The aim of this paper is to analyze the situation of the support programs to SME in Europe. We identify the main support programs to this kind of firms and analyze the general criterion used to grant and evaluate these programs by the different agencies using a phone survey. Our sample is formed by 44 agencies included in EURADA which represent a c...

The controversy about the usefulness of subsidies is old and crammed with opposing positions. Those that are in favor of public aid to private companies lean on the existence of market failures, while those that are against it base their arguments on the existence of government failures. There is no consensus in the economic literature about the ef...

RESUMENLa controversia sobre la utilidad de las subvenciones es antigua y con posturas claramente enfrentadas. Los que estan en contra se basan en la existencia de fallos de gobierno, y los que estan a favor se justifican por la existencia de fallos de mercado. En la literatura economica no existe consenso de cuales son los efectos que este tipo de...

Para asegurar la efectividad de un desarrollo exportador apropiado ante un entorno empresarial dinámico y complejo, las agencias públicas y los empresarios necesitan identificar las características que determinan la intensidad exportadora de una empresa. Ante esta problemática analizamos, en el marco de la Pyme industrial española, la influencia so...