Francisco Puig

• PhD in Economics and Business
• Professor (Associate) at University of Valencia

La Somninada is an agroecological cooperative dedicated to ecologically producing craft beer. It was created in 2021, is located in a small town in a rural area of Castellón (Spain), and is a microenterprise. As its name indicates, “somniada” can be translated as “ dreamed ”, and it is the project of a brewery that was dreamed of its potential for...

By linking concepts and ideas from the private health services (PHS) and Knowledge-Intensive Business Services (KIBS) literature with Porter's generic framework, this paper aims to identify the competitive positioning at a micro-clinic level in the private health services industry and to examine the perceived role of the institutions and intellectu...

In recent years, companies operating in activities such as dentistry, optometry, physiotherapy, or veterinary have seen the demand for their services grow. Their customers do not require their services only for health reasons but also for aesthetics and welfare issues. As a result, these companies compete in expanding and profitable markets. Howeve...

Purpose This paper aims to shed light on the mechanisms that connect dynamic capabilities and organizational knowledge in the innovative process to offer a new theoretical and practical solution considering the microfoundations of knowledge management strategies. Design/methodology/approach This research has emerged from an in-depth case study of...

Since the pandemic situation was officially declared, part of society was immersed in searching desperately for solutions to combat it. Textile firms addressed with uneven effectiveness the challenge of creating products that helped medical and civil professionals (e.g., personal protection equipment, masks, sanitary material, etc.). To do this, th...

This chapter examines the most recent innovative activities of textile companies in Spain and their expansion into sanitary textiles and digitalization. In light of the global crisis caused by the COVID-19, we consider highly relevant to review the challenges of one of the most important fashion sectors, e.g., the textile industry, through this evo...

Purpose This paper aims to address research gaps with regard to the relationship between market orientation and marketing performance when small- and medium-sized enterprises (SMEs) are located within a service cluster. The three main objectives of this research are to determine the effect that the cluster can have on both the market orientation of...

A key assertion in the turnaround literature is that when survival is threatened, it is necessary to undertake asset and cost retrenchment strategies that stabilise the performance decline and provide a base for survival and recovery. Correcting for methodological weaknesses in the literature, this study of Spanish SMEs finds that retrenchment of i...

Firm survival, bankruptcy, and turnaround are of great interest nowadays. Bankruptcy is the ultimate resource for a company to survive when it is affected by a severe decline. Thus, determinants of firm turnaround and survival in the context of bankruptcy are of interest to researchers, managers, and policy-makers. Prior turnaround literature has b...

During economic downturns, firms file for bankruptcy in an effort to attempt a “turnaround.” The objective of this study is to assess the effectiveness of retrenchment strategies in the context of bankruptcy, as the most severe form of crisis. We conducted a longitudinal analysis of a sample of 868 bankrupt Spanish firms during the period 2004–2017...

The concept of proximity, whilst attractive cognitively, is still a poorly explored area in management sciences. The earliest publications on proximity were published at the end of the twentieth century and the development of this concept was strongly influenced by The French School of Proximity (Kirat & Lung, 1999; Rallet & Torre, 1999; Torre & Gi...

El estudio "Innovación, Formación y Territorio" tiene por objetivo analizar el impacto que la innovación tiene en el empleo industrial del sector textil localizado en las Comarcas Centrales de la Comunidad Valenciana (l'Alcoià, el Comtat y la Vall d'Albaida) (CCV). Sus resultados pretenden servir de guía para desarrollar una agenda estratégica para...

A veces, los gobiernos, las empresas y los individuos nos preguntamos cuestiones tales como: ¿Por qué actores que son similares y actúan en un mismo escenario obtienen resultados diferentes? ¿Se puede alcanzar un resultado diferente a través de caminos similares? ¿Podemos prever esa heterogeneidad? En la literatura existen variadas respuestas a ese...

Considering the process of innovation development, this paper aimed to examine the effect of different dimensions of proximity and the level of coordination that exists in a textile cluster. This study employed a qualitative method, based on in-depth interviews that were conducted with two leading firms in a textile cluster in Valencia, Spain, whic...

This paper uses insights from the institutional theory to study the competitiveness of the health care clinics in Spain. The environment of the health care services is highly institutionalized: professional associations are state agents responsible for the extensive regulation. Recently emerged franchise chains become subject for imitation by creat...

Purpose This paper aims to analyse which firm-level characteristics drive their location decisions when investing in a foreign country. Focusing on origin clusters, the authors will study the potential influence of the home country context and, in particular, the impact of firm-level factors, both investor- and investment-related, underlying hetero...

Ponencias del XX Encuentro Iberoamericano y VI Congreso Internacional Motiva " Juventud, Emprendimiento y Universidad: un reto a tres bandas". València 28 al 31 de mayo de 2019.

During economic downturns, firms file for bankruptcy in an effort to attempt a ‘turnaround’. The objective of this study is to assess the effectiveness of retrenchment strategies in the context of bankruptcy, as the most severe form of crisis. We conducted a longitudinal analysis of a sample of 868 bankrupt Spanish firms during the period 2004–2017...

Business cooperation and the exchange of information and knowledge are actions and decisions that firms can build in order to compete more effectively in globalized markets. These options are even more relevant for small-medium enterprises (SMEs) to access and expand in new international markets through high-commitment entry modes such as foreign d...

Going international early is increasingly the choice of new ventures in manufacturing industries. However, does earliness provide a positive outcome for internationalisation? To answer this, we have longitudinally analysed 3181 manufacturing new ventures established between 2002 and 2012. Using Cox regressions, we found that the 124 late internatio...

One criteria regarding where to invest in foreign markets is linked to the international social capital (ISC) that exists on the place, which enables the access to local knowledge and other location-specific advantages. There are alternative ways to create and make use of that ISC that are still unexplored by International Business literature. In t...

The entry mode and location choices are two fundamental decisions made by firms after they decide to proceed with foreign direct investment (FDI). In previous studies, these two strategic concerns have usually been studied separately as independent decisions. Following recent claims, we extend beyond the macro-environment of the host country or geo...

Agency theory has been widely used in the franchising literature. This theory analyzes the contract relationships between the principal and agent and has been mostly applied to franchising in traditional sectors (e.g., restaurants, retailing, or travel agencies) where the processes and procedures can be easily standardized. Recently, there has been...

Purpose This paper aims to explore the relationship between clustering and hotel competitiveness in emerging economy destinations by analyzing potential mediation of the management innovations implemented. Design/methodology/approach This empirical study is based on hotel-level information from a survey including 131 hotels in 2014. Colombia was...

This article gives a retrospective look at the main determinants of foreign market entry modes and examines the variables and conditions used in empirical studies in this stream of research. We found that there is an “analytical context hazard” in past studies. The findings suggest: first, future research should focus on developing and extending th...

Orbea is the oldest and biggest bicycle manufacturer in Spain and one of the most recognized bike brands in the world. With more than 175 years in the market, in the year 2007 Orbea decided to set up its third manufacturing plant in the Industrial park of Kunshan. After 8 years with activity there, in 2015 the company decided to close down the fact...

In recent years, the unfavorable evolution of the economic situation has provoked intense structural and spatial changes in the creation of companies that question the validity of some basic assumptions about entrepreneurial dynamics and territorial development. Therefore, the objective of this paper is to analyze the existence of spatial patterns...

Clustering in service industries has scarcely been investigated, while there is huge evidence of a positive impact on innovation and competitiveness in the case of manufacturing industries. We address this by exploring the potential moderator effect that location externalities have on the triangular relationship between clustering, innovation and c...

This introductory paper opens the Special Issue on Clusters, Industrial Districts and Strategy, based on the debate and comments arisen during the 2016 Conference on Clustering. After some brief notes on the need and the intended scope from a multidisciplinary approach (Regional Science, Economic Geography, Sociology and Business Management), we ar...

In a globalized economy and becoming more knowledge-based, two apparently contradictory phenomena are shaping the organization and location of many mature economic activities: a general tendency of firms to agglomerate geographically while traditional clusters (and notably industrial districts) are facing a period of crisis in their identity, struc...

En este trabajo caracterizamos a la actividad emprendedora cubana desde la perspectiva de los universitarios docentes y estudiantes. Los datos provienen de una muestra compuesta por 120 individuos y el instrumento de recogida de datos lo constituye un cuestionario. El trabajo de campo fue realizado en mayo de 2016. El análisis estadístico empleado...

Location is a critical decision for multinational enterprises as it affects the growth of their foreign direct investment (FDI) in the host country. Although clustering provides information- and knowledge-based advantages, it also entails costs and risks associated with the hazards of competition, congestion and imitation. Consequently, heterogeneo...

Purpose – During the last decade the demand to comprehend the overarching success factors of the multilocation process in distant countries such as China has increased significantly. In this context, the purpose of this paper is to explore and understand the nature and scope of the collaboration between the public support services (PSS) in China an...

El objetivo de este trabajo es analizar la relación entre la orientación internacional y la supervivencia de empresas manufactureras de reciente creación. Para ello se estudió una muestra de 2.975 nuevos emprendimientos constituidos durante el período 2001-2010 en la industria textil-confección de España. Metodológicamente, se han empleado modelos...

The aim of this work was to analyzethe relationship between the international orientationand survival of recently created manufacturing companies. For this, a sample was studied of 2975 newenterprises constituted during the period from 2001 to 2010 in the textile and apparel industry in Spain. Methodologically, duration models have been employed th...

Globalization has led to a debate about the future of European Traditional Manufacturing Sectors (TMS). Based on firm-level data from five European countries, we analyse how agglomeration and strategy-structure binomials mediate the effects of globalization on the financial performance of textile-clothing firms. Our analysis reveals that Northern E...

Purpose This article aims at proposing a research agenda in the intersection of strategic supply chain management and logistics (SCML) of global organizations from the perspective of international human resource management (IHRM). Design/methodology/approach To disclose the intellectual structure of research to date across both fields, the conten...

The aim is to deepen our understanding about the internationalisation– survival relationship in the case of new ventures in traditional manufacturing sectors. Hypotheses were tested through Cox’s proportional hazard regressions on a sample of 3,350 firms aged 10 years or less, from the textile-clothing and footwear industry in Spain. A vast majorit...

Desde el trabajo pionero de Alfred Marshall (1890) numerosos estudios han evidenciado las ventajas competitivas que las empresas registraban por estar aglomeradas geográficamen-te junto a otras de su mismo sector de actividad en unos territorios que se han denominado genéricamente como clusters. Entre esos estudios destacan las aportaciones de Beca...

RESUMEN La coyuntura económica actual evidencia una constante destrucción de empleo y desaparición de empresas. Frente a este hecho surge la cuestión del efecto "economía social" en la competitividad de las empresas (dife-rencias de performance empresarial debido a la forma jurídica). El objetivo de este trabajo es analizar ese resul-tado a través...

Purpose The purpose of this paper is to evaluate the contribution of location (geographical concentration) and firm structure (age and subsector) to the risk of business failure. Design/methodology/approach The Markov's regression analysis was made for a sample of over 11,700 Spanish textile‐clothing firms. Findings The results obtained from the...

Purpose – To analyse the contribution of firm structure (size, clustering and foreign ownership) and strategy (subsector specialization) to the financial performance Return On Assets [ROA] of almost 10,000 European textile-clothing firms. Methodology/approach – A panel regression analysis is conducted for five European countries that are representa...

El declive empresarial es una situación caracterizada por la reducción continuada de los resultados financieros hasta un nivel tal que la supervivencia de la empresa se ve amenazada. En una situación de declive las empresas exhiben comportamientos estratégicos diferentes y, como consecuencia de los mismos, los resultados asociados en términos de mo...

This paper examines the critical intangible factors observed in the multi-location process to China by Spanish manufacturing firms. The goal of this paper is to shed light on the most significant aspects of the multi-location process which can minimise the internationalisation complexity (IC) and, consequently, improve its performance. In order to...

This paper tests the evolution of the relationship between localization and proximity and their effect on firm performance for a sample of 10,490 Spanish textile firms in the period 2001–2006. Using coefficients of specialization two levels of geographical disaggregation are distinguished: (i) the provincial cluster and (ii) the industrial district...

El objetivo de este trabajo es evaluar el riesgo de mortalidad empresarial. Para ello, en una muestra de más de 11.741 empresas pertenecientes al sector textil-confección se ha estudiado, junto con otros factores, la influencia de la proximidad geográfica (efecto distrito) y la actividad productiva principal (efecto subsector) en la superv...

En los últimos años el uso por parte de las empresas de la estrategia de outsourcing en sus dos vertientes (nacional e internacional)1 está siendo una práctica habitual en los países desarrollados, especialmente en los sectores manufactureros tradicionales. Dado el desarrollo experimentado y las implicaciones técnico-productivas y sociales que se d...

This study provides insight into the impact of industrial districts on the international activities of firms, in the particular context of one traditional manufacturing industry: the Spanish home-textile industry. Using a sample of 128 manufacturing firms, the paper shows how location influences the timing and levels of exports and imports. Moreove...

Purpose – This paper aims to analyse the impact of globalization on the manufacturing operations of industries and industrial districts and how it influences the specialization and diversification of manufacturing decisions.Design/methodology/approach – The sample includes 9,684 Spanish manufacturing textile firms and the analysis is both cross-sec...

Experience shows that static life tables overestimate death probabilities. As a consequence of this overestimation the premiums for annuities, pensions and life insurance are not what they actually should be, with negative effects for insurance companies or policy-holders. The reason for this overestimation is that static life tables, through being...

El objetivo de este trabajo es analizar a través de distintos indicadores el diferente impacto de los cambios en el entorno competitivo sobre las empresas españolas de la industria textil-confección. Los resultados obtenidos del contraste a una muestra compuesta por 5.531 PYMES de ese sector muestran un importante protagonismo del territorio y de l...

This work intends to identify the determinants of competitivity in cooperatives. The results obtained from a sample of 49 cooperative managers and representatives from the cooperative movement point out that the joint effect of the orientation towards the customer and the participation of the members in the performance is the main determinant of th...

The tourism is one of the principal sectors that sustains the Spanish economy, and especially the Andalusian one. Inside this one, the hotel industry has the major weight inside the sector. Due to a series of motives, it becomes necessary that the hotel Andalusian chains should tackle his process of internationalization. In this work, we do a X-ray...

De la situación crítica que actualmente viven los denominados sectores manufactureros tradicionales surgen importantes interrogantes en torno a sus posibilidades de supervivencia. El objetivo de este artículo será analizar la nueva situación a la que se enfrentan las empresas de estos sectores para proponer posibles alternativas estratégicas que pe...

Las empresas conjuntas internacionales(International Joint Ventures) se caracterizan pordos factores íntimamente relacionados: el control y eloportunismo. En este trabajo, trataremos de analizarla relación entre ambos factores y estudiaremos quétipos de control ayudarían a prevenir o a reducirel oportunismo en este tipo de empresas. Además,tratarem...

This article aims to study the system formed by relationships established among the different participants in a network and how its weight favors business creation, specifically in the founding of a Spin Off. The results obtained based in the case study method show that a strategy based on Spin Off is a valid option to create and develop enterprise...

INTRODUCCIÓN Una de las estrategias que más atención ha despertado y despierta es la de la internacionalización de las empresas. La misma se vincula como una acción nece-saria para la supervivencia y el éxito de las empresas industriales en un entorno globalizado. Ya que los efectos de la globalización mundial al que se enfrentan los países europeo...

This paper provides empirical evidence of the offshoring strategies used by the Spanish firms. Furthermore, analyzes the determinants of the choice of the most common modes of offshoring. The results indicate that the key factors are associated with the characteristics of the company rather than those related to country risk or cultural distance. M...