Análisis combinado de factores del fracaso empresarial en el sector turístico español
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[1] Universidad de León
Universidad de León
León, España
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- Localización: Revista de Estudios Empresariales. Segunda época, ISSN-e 1988-9046, Nº. 2, 2024
- Idioma: español
- DOI: 10.17561/ree.n2.2024.8273
- Títulos paralelos:
- Combined analysis of factors of business failure in the Spanish tourism sector
- Enlaces
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Resumen
- español
El fracaso empresarial en la literatura no presenta consenso acerca de cuáles son sus factores determinantes, dada la complejidad e interacción dinámica entre ellos.
Este trabajo se centra en las quiebras financieras del sector turístico español en el año 2022, por ser uno de los más afectados por la paralización de la actividad económica consecuencia del Covid-19. A partir de la base de datos SABI aplicamos un análisis comparativo cualitativo de conjuntos difusos (fuzzy set Qualitative Comparative Analysis, fsQCA) centrado en las variables tradicionalmente consideradas por la literatura. Descubrimos que varias combinaciones de atributos financieros conducen al fracaso de las empresas turísticas españolas sin que ninguno individualmente sea suficiente, sino que depende de la interacción de otros atributos, lo que revela condiciones antecedentes complejas para la explicación del fenómeno.
En concreto, encontramos que el efecto combinado de alto endeudamiento y bajos niveles de rentabilidad, actividad y solvencia son condiciones suficientes para conducir al fracaso en empresas turísticas españolas. Adicionalmente, cuando tenemos en cuenta el tamaño de las entidades, encontramos un efecto sustitución entre un bajo nivel de rotación y baja liquidez.
La identificación de la combinación de ratios financieros que alertan de problemas de continuidad en las empresas del sector turístico, es de gran relevancia para el desarrollo económico español, así como para investigadores y directivos del sector.
- English
There is no consensus in the literature on the determinants of business failure, given the complexity and dynamic interaction between them.
This paper focuses on the financial failures of the Spanish tourism sector in 2022, as it is one of the most affected by the paralysis of economic activity as a consequence of Covid-19. Using the SABI database, we applied a fuzzy set Qualitative Comparative Analysis (fsQCA) focused on the variables traditionally considered by the literature. We find that several combinations of financial attributes lead to the failure of Spanish tourism firms, none of them individually being sufficient, but depending on the interaction of other attributes, which reveals complex antecedent conditions for the explanation of the phenomenon.
Specifically, we find that the combined effect of high indebtedness and low levels of profitability, activity and solvency are sufficient conditions to lead to failure in Spanish tourism companies. Additionally, when we consider the size of the entities, we find a substitution effect between a low level of turnover and low liquidity.
The identification of the combination of financial ratios that warn of problems of continuity in companies in the tourism sector is of great relevance for Spanish economic development, researchers and managers in the sector.
- español
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