Identifying the proper mix of growth-seeking strategies for Spanish SMEs:an analysis during times of economic boom and crisis

  1. Diana Benito-Osorio
  2. Alberto Colino-Fernández
  3. Luis Ángel Guerras-Martín
  4. José Ángel Zúñiga-Vicente
Revista:
Small Business International Review

ISSN: 2531-0046

Año de publicación: 2023

Volumen: 7

Número: 2

Tipo: Artículo

DOI: 10.26784/SBIR.V7I2.605 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Small Business International Review

Resumen

Este estudio explora los posibles efectos de diferentes combinaciones de estrategias de búsqueda de crecimiento sobre el desempeño de las PYMES durante largos períodos de bonanza y crisis económica. La contrastación de las hipótesis formuladas se realiza en una muestra representativa de PYMES españolas entre 1994 y 2014. Durante estos años España sufrió uno de los períodos de mayor estabilidad/crecimiento económico de los últimos años (1994-2008), seguido inmediatamente por un período de grave crisis económica (2009-2014). Utilizando modelos de datos de panel dinámicos, nuestros resultados revelan que cuatro combinaciones tienen un efecto positivo y estadísticamente significativo sobre el desempeño de las PYMES analizadas en tiempos de auge bonanza económica: una estrategia de diversificación de producto relacionada combinada con niveles bajos, moderados o altos de internacionalización, y una estrategia de diversificación de producto no relacionada combinada con un nivel moderado de internacionalización. Por su parte, encontramos solo dos combinaciones con un impacto positivo en el desempeño de las PYMES españolas en tiempos de crisis: una estrategia de diversificación de producto relacionada combinada con niveles bajos y moderados de internacionalización, respectivamente

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