Javier Ortiz’s research while affiliated with University of Zaragoza and other places

Esta investigación tiene como objetivo estudiar el efecto de la propiedad familiar de la empresa y la separación entre propiedad y gestión, en el rendimiento empresarial medido en términos de creación de empleo. Para ello se comparan las diferencias entre empresas familiares y no familiares, así como entre aquellas empresas dirigidas por profesionales externos a la propiedad y aquellas en las que las tareas de dirección son asumidas por los propietarios. Aprovechando la estructura de panel de la muestra, el trabajo se completa con el estudio de la influencia del ciclo económico, en función de las distintas combinaciones de estructura de propiedad y gestión. Una de las principales conclusiones del estudio cuestiona que las empresas familiares superen de forma generalizada a las no familiares en términos de creación de empleo. Aunque esto se aplica a las empresas no profesionalizadas, que representan la mayoría de las empresas familiares, no se observa en las empresas profesionalizadas. Al diferenciar el efecto del ciclo económico en función de sus fases, se observa que, entre las empresas no profesionalizadas, no aparecen diferencias entre empresas familiares y no familiares tanto en la fase recesiva como en la de recuperación. Sin embargo, entre las empresas profesionalizadas, las familiares sufren más los efectos de la fase recesiva y muestran una mayor capacidad de recuperación del empleo en la fase de recuperación.

Empirical research has confirmed a mostly positive relationship between innovation and performance, but more work is needed to establish whether this relationship is homogeneous or whether it depends on other variables, such as ownership model (family/non-family) and who manages the company (owner/non-owner). This paper studies differences in the impact of innovation on productivity between family firms, owner-managed or professionalized, and non-family firms, also subdivided, for the first time in the academic literature, between owner-managed and non-owner-managed firms. A multistage model is used, controlling for endogeneity and selection bias issues. The results yielded by a large panel dataset of Spanish manufacturing firms suggest differences in the ability to benefit from innovation. These results confirm that, in non-professionalized firms, family ownership reduces the positive effect of innovation on productivity, while in professionalized firms, there are no significant differences between the family and non-family ownership model.

This chapter investigates the relationship between inter-firm networks, firm ownership, and export-based internationalization. More specifically, the study examines the influence of the use of networks for internationalization on export performance, focusing on the moderating role of family ownership in this relationship. Therefore, the purpose of the study is to examine the individual and joint effects of networks and ownership upon internationalization considering the idiosyncratic effects of family ownership. The study focuses on Spanish manufacturing companies, distinguishing between family and non-family firms, over the period 2008–2017. The final sample consists of an unbalanced panel data of 1596 companies. A Panel Corrected Standard Errors (PCSE) model was used to undertake the analysis. The results confirm the importance of firm ownership in further availing of the international opportunities resulting from internationalization networks. This study contributes to the existing body of knowledge by presenting new empirical evidence concerning an understudied topic.