Persona:
Doucet Sánchez, Pablo Francisco

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0000-0002-9480-9278
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Doucet Sánchez
Nombre de pila
Pablo Francisco
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2021 - 20245
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Mostrando 1 - 5 de 5
  • Miniatura
    Publicación
    Financing constraints and growth of private family firms: Evidence from different legal origins
    (Elsevier, 2022-01) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; https://orcid.org/0000-0002-4071-2489
    We investigate whether family control informs the extent to which business growth depends on internal finance. Our results are based on a sample of private firms from two regions in which family ownership prevails: Western Europe and East Asia. The countries covered nonetheless differ from each other in their legal origin. We find that the growth of private family firms is less reliant on internal finance. The beneficial effect of family control is especially pronounced in countries where external lenders are more protected. Family control and a protective institutional environment therefore complement each other to facilitate business growth.
  • Miniatura
    Publicación
    Preferential hiring of relatives and family SMEs’ internationalisation
    (Inderscience, 2022) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; Suárez González, Isabel; https://orcid.org/0000-0002-4071-2489; https://orcid.org/0000-0002-5224-5304
    A well-established argument in the family business literature is that the pursuit of noneconomic goals has a remarkable impact on family firms’ strategic decisions, and particularly on their international expansion intentions. But scant research explores how family goals affect family firms’ internationalization. Using survey and archival data on a sample of 1,201 Spanish family SMEs, we show that altruism-induced preferences —as captured by the adoption of the preferential hiring of relatives (PHR) as a primary goal— significantly reduces foreign sales intensity and limits family business operations to their local regions. Furthermore, we find that the external threat of local unemployment exacerbates the negative effect of selecting PHR as a priority on export intensity. Our findings extend previous research on the internationalization of family firms by highlighting the potentially adverse consequences of prioritizing noneconomic goals and how the firm’s environment may interact with such goals to accentuate or impede SMEs’ internationalization.
  • Miniatura
    Publicación
    Diversification Decisions of Family SMEs under Uncertainty: Goals as a Rule of Thumb
    (De Gruyter, 2022-05-24) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; Suárez González, Isabel; https://orcid.org/0000-0002-4071-2489; https://orcid.org/0000-0002-5224-5304
    Leveraging on the behavioural mixed gamble lens, we contend that heterogeneity in organisational goals leads to different diversification behaviours in family firms. Using survey and archival data on a sample of 988 family SMEs homogenous in their (high) family involvement level, we show that family SMEs that pursue nonfinancial (financial) goals exhibit lower (higher) probability of extending the boundaries of the firm to new product and/or market domains. Interestingly, in the face of threats, only those family SMEs that prioritise financial goals exacerbate their propensity to diversify, while increased vulnerability leads to an even lower probability of adopting diversification decisions among family SMEs with nonfinancial goals
  • Miniatura
    Publicación
    ¿Por qué persisten los grupos empresariales en Europa? Vacíos institucionales, ventajas financieras o limitación de riesgos
    (Fundación de las Cajas de Ahorros (FUNCAS), 2021) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; Suárez González, Isabel; https://orcid.org/0000-0002-4071-2489; https://orcid.org/0000-0002-5224-5304
  • Miniatura
    Publicación
    Business groups’ internal labour markets and SME labour productivity
    (Springeer, 2024) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; Suárez González, Isabel; https://orcid.org/0000-0002-4071-2489; https://orcid.org/0000-0002-5224-5304
    Labour market regulation constrains small and medium-sized enterprises’ (SMEs) ability to minimize redundant labour. However, it is often neglected that many SMEs might circumvent these constraints by accessing a business group’s internal labour market (ILM). In this study, we analyse whether SMEs with ILM access—i.e., with an increasing number of sister group companies in the same subnational region-industry—enjoy a labour productivity premium and whether this potential productivity premium depends on the bargaining power of labour. Because intra-group reallocation of redundant personnel often involves substantial changes in employment conditions, we argue that the value of ILM access might be reduced when the bargaining power of workers is high as they can oppose the reallocation or demand significant compensation. Using a panel of 119,801 European SMEs during 2011–2019 (639,675 firm-year observations), we find that SMEs with ILM access show relatively higher labour productivity. Further, our findings suggest that this productivity premium is higher in those contexts associated with lower labour bargaining power.