The economic and financial viability of sheltered employment centers

Abstract

The main objective of this thesis is the economic and financial analysis of the Sheltered Employment Centers (CEEs) from Spain. The CEEs are profitable companies that recruit people with disabilities and this fact is their differentiating aspect in relation to other companies in the market. After a depth literature review, we have found that there are few studies about this type of companies and scant information about their economic and financial viability. There are two main theoretical criticisms which underpin the management of these companies: public subsidies are what determine its economic viability and that the poor professionalization of their managers calls into question its profitability in an unprotected market. Based on these two criticisms, this study aims to show whether they are consistent from an empirical point of view. The main objective of this thesis is divided into six specific objectives, which are the following ones:First objective of this thesis: to study the importance of CEEs for society and especially for people with disabilities. For this, descriptive analysis of CEEs according to their evolution, legal form, location, size and sector of activity are done...