What factors condition the financial viability of sheltered employment centres? Empirical evidence

Gelashvili, Vera; Vargas, María Jesús Segovia; Miñano, María del Mar Camacho

doi:10.1007/s11846-021-00450-3

Cited by 8 publications

(8 citation statements)

References 40 publications

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“…Another interesting finding is the highest-ranked predictor for both SMEs and new ventures is the profitability ratio. This is in line with Gelashvili et al (2022), who proposed that profitability is one of the most pivotal ratios for long-term survival of any type of firm. However, for SMEs, it is the retained earnings to assets ratio whereas, for new ventures, it is the return on assets (EBIDTA).…”

Section: Discussionsupporting

confidence: 88%

Firm failure prediction for small and medium-sized enterprises and new ventures

Wang,

Guedes

2024

Rev Manag Sci

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New ventures and small and medium-sized enterprises (SMEs) are the engines that drive the development of the economy, productivity, and business. However, they differ with respect to their natures, and that may affect their choices and success. This paper investigates the determinants of failure for SMEs and new ventures in Portugal by employing a logistic regression technique to develop the one-year prediction models individually over the period from 2010 to 2018. The results show that age and size always play significant roles in discriminating the failure risk of both types of firm, but the financial predictors selected in the final default prediction models for SMEs and new ventures vary. Moreover, based on financial, age, and size predictors, the SME model performs much better than that of the new venture in the classification accuracy reported. This indicates that separate treatment should be carried out while predicting the failure likelihood of SMEs and new ventures.

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Section: Discussionsupporting

confidence: 88%

Firm failure prediction for small and medium-sized enterprises and new ventures

Wang,

Guedes

2024

Rev Manag Sci

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“…Explanatory variables include the respondents' age, gender, whether they were frequent public transport users, employment status, and place of residence. The importance of these variables have been widely used to classify the sample Dabić et al 2021;Gelashvili et al 2022;Martínez-Navalón et al 2020;Trivedi and Teichert 2019).…”

Section: Methodsmentioning

confidence: 99%

“…The second part of the analysis is based on linear regression and the correlation table to answer the hypotheses raised in this work. Linear regression and correlation tables have been used in research to measure the relationship and effects between dependent and independent variables (Gelashvili et al 2022;Ting et al 2021). First, the Breusch-Pagan test (Breusch and Pagan 1980) was used to detect heteroscedasticity in the models.…”

Section: Methodsmentioning

confidence: 99%

Users’ perception for innovation and sustainability management: evidence from public transport

et al. 2023

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No one doubts the importance of public transport services in the economic backbone of any country. In recent decades, there has been a growing interest in the contribution to Sustainable Development Goals on the part of governments, companies, and stakeholders. In this sense, transport can contribute to the sustainability of cities and facilitate other social objectives, such as universal accessibility, with innovation being a key pillar for this. Thus, the main objective of this study is to analyze users’ perceptions of the innovation and sustainability of public transport in Spain.To analyze the user’s perception of public transport, a questionnaire was developed following Bitner’s Servicescape Model. A total of 1,354 responses were collected in different Spanish cities. The main results show that the policies implemented in both innovation and sustainability are perceived positively but do not seem to have much impact on the service user. Public transport users prioritize the speed, frequency, and safety of the service received. In addition, it should be noted that the gender of the user influences the preferences of the objectives, i.e., men value technological development in public transport more. At the same time, women give higher priority to sustainability. The age of users is another variable that conditions public transport users’ perceptions of innovation and sustainability. The results also show users’ preferences for different types of public transport.The study’s main contribution is that it shows to what extent the innovation and sustainability policies applied in the public transport service are valued and motivate citizens to use the service. The political and management decisions may be disconnected from the reality perceived by users. These decisions may be more linked to regulatory pressures and involve a high implementation cost, so it is necessary to consider the valuation of users’ service so that the benefit or social return of these investments is high, encouraging the use of the service.

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“…The variables age (number of years before May 2021 that the company was founded) and size (the number of employees) were studied to analyse their relationship with the profitability of the company. Some studies have found a positive relationship between ROA and the two variables [62,63]. Bearing in mind the main characteristics of sheltered employment centres, the business sector variable was divided into two parts: service and manufacturing companies, since previous studies have shown that most of these centres operate in the service sector.…”

Section: Data Collection Variables and Methodologymentioning

confidence: 99%

“…We chose the variable sales growth because research carried out by Miethlich and Oldenburg [64] has shown that social inclusion, as part of the Corporate Social Responsibility strategy, contributes in a positive way to sales growth. In addition to these ratios, the fundamental economic and financial ratios necessary for the company's profitability were analysed [62]. The first step in the data analysis was a descriptive analysis of the companies and the variables studied.…”

Section: Data Collection Variables and Methodologymentioning

confidence: 99%

Sheltered Employment Centres: Sustainability and Social Value

et al. 2021

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Sheltered employment centres are social enterprises where at least 70% of their workers have disabilities. They are a way of helping people with disabilities to work in good working conditions and of allowing disadvantaged people to live a full life. However, some people criticise these businesses for being ghettos where public subsidies are used inefficiently. Our paper aims to test if this criticism is valid by analysing whether these companies provide social and economic value to society in return for public funding and are also economically sustainable over time. Using a sample of 997 Spanish sheltered employment centres, a descriptive analysis of the main variables has been carried out. Additionally, the results of a PART algorithm show the relationship between these companies and economic sustainability. Our findings corroborate that these firms are economically sustainable and, at the same time, socially sustainable. These results highlight the great work that such companies perform for society and the country’s economy.

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What factors condition the financial viability of sheltered employment centres? Empirical evidence

Cited by 8 publications

References 40 publications

Firm failure prediction for small and medium-sized enterprises and new ventures

Firm failure prediction for small and medium-sized enterprises and new ventures

Users’ perception for innovation and sustainability management: evidence from public transport

Sheltered Employment Centres: Sustainability and Social Value

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