The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?

The purpose of this paper is to investigate whether sheltered employment centres (CEEs) which have a higher rate of professionalization of their managers have better economic returns than those that have a lower one. A questionnaire has been drawn up for their managers. After collecting the answers,...

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Autores: Gelashvili, Vera, Aguilar Pastor, Eva María, Segovia-Vargas, María-Jesús, Camacho-Miñano, María-del-Mar
Tipo de recurso: artículo
Fecha de publicación:2019
País:España
Institución:Universidad Rey Juan Carlos
Repositorio:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
OAI Identifier:oai:burjcdigital.urjc.es:10115/28510
Acceso en línea:https://hdl.handle.net/10115/28510
Access Level:acceso abierto
Palabra clave:Profitability
Professionalization
Competences
Sheltered Employment Centres
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spelling The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?Gelashvili, VeraAguilar Pastor, Eva MaríaSegovia-Vargas, María-JesúsCamacho-Miñano, María-del-MarProfitabilityProfessionalizationCompetencesSheltered Employment CentresThe purpose of this paper is to investigate whether sheltered employment centres (CEEs) which have a higher rate of professionalization of their managers have better economic returns than those that have a lower one. A questionnaire has been drawn up for their managers. After collecting the answers, an index of professionalization classifies the CEEs with managers of high, medium and low levels of professionalism. This index is then correlated with the main financial ratios of companies. The results show that companies with the highest level of managers’ professionalization, on average, have higher economic returns than companies with medium and low rates, although the difference is not very high. This study is an important contribution to academic literature, as it is the first to examine the professionalization of CEE managers. Finally, this paper is not short of limitations. The number of responses is small but there are similar studies with similar response rates. Additionally, the scarcity of responses may suggest that there is a lack of interest about the utility of professionalization by some CEEs managers because, perhaps, they do not have the necessary competences to understand its importance in management. This study has some main implications for stakeholders: first, CEEs must pay more attention to the professionalization of their management team, because professionalization can lead to meeting its goals and guaranteeing the firm’s growth. Second, training programs in skills and attitudes should be designed to strengthen these competencies. Moreover, managers of social firms should know that the establishment of strategic plans will be useful to identify new opportunities in the market. Given the important role of these social firms for the employment of people with disabilities, training programs should be promoted by government in order to ensure the professionalization of these companies. This research is an important contribution to the literature on this subject because there are no studies about the level of professionalization of CEEs, companies that represent an important value for the economy of a country.Emerald Insight, revista Management Decision202420242019info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10115/28510reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlosinstname:Universidad Rey Juan CarlosInglésAttribution-NonCommercial 4.0 Internationalhttps://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccessoai:burjcdigital.urjc.es:10115/285102026-06-24T12:48:17Z
dc.title.none.fl_str_mv The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?
title The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?
spellingShingle The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?
Gelashvili, Vera
Profitability
Professionalization
Competences
Sheltered Employment Centres
title_short The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?
title_full The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?
title_fullStr The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?
title_full_unstemmed The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?
title_sort The economic and financial viability of sheltered employment centres: Is the level of managerial professionalization a determining factor for profitability?
dc.creator.none.fl_str_mv Gelashvili, Vera
Aguilar Pastor, Eva María
Segovia-Vargas, María-Jesús
Camacho-Miñano, María-del-Mar
author Gelashvili, Vera
author_facet Gelashvili, Vera
Aguilar Pastor, Eva María
Segovia-Vargas, María-Jesús
Camacho-Miñano, María-del-Mar
author_role author
author2 Aguilar Pastor, Eva María
Segovia-Vargas, María-Jesús
Camacho-Miñano, María-del-Mar
author2_role author
author
author
dc.subject.none.fl_str_mv Profitability
Professionalization
Competences
Sheltered Employment Centres
topic Profitability
Professionalization
Competences
Sheltered Employment Centres
description The purpose of this paper is to investigate whether sheltered employment centres (CEEs) which have a higher rate of professionalization of their managers have better economic returns than those that have a lower one. A questionnaire has been drawn up for their managers. After collecting the answers, an index of professionalization classifies the CEEs with managers of high, medium and low levels of professionalism. This index is then correlated with the main financial ratios of companies. The results show that companies with the highest level of managers’ professionalization, on average, have higher economic returns than companies with medium and low rates, although the difference is not very high. This study is an important contribution to academic literature, as it is the first to examine the professionalization of CEE managers. Finally, this paper is not short of limitations. The number of responses is small but there are similar studies with similar response rates. Additionally, the scarcity of responses may suggest that there is a lack of interest about the utility of professionalization by some CEEs managers because, perhaps, they do not have the necessary competences to understand its importance in management. This study has some main implications for stakeholders: first, CEEs must pay more attention to the professionalization of their management team, because professionalization can lead to meeting its goals and guaranteeing the firm’s growth. Second, training programs in skills and attitudes should be designed to strengthen these competencies. Moreover, managers of social firms should know that the establishment of strategic plans will be useful to identify new opportunities in the market. Given the important role of these social firms for the employment of people with disabilities, training programs should be promoted by government in order to ensure the professionalization of these companies. This research is an important contribution to the literature on this subject because there are no studies about the level of professionalization of CEEs, companies that represent an important value for the economy of a country.
publishDate 2019
dc.date.none.fl_str_mv 2019
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10115/28510
url https://hdl.handle.net/10115/28510
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv Attribution-NonCommercial 4.0 International
https://creativecommons.org/licenses/by-nc/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NonCommercial 4.0 International
https://creativecommons.org/licenses/by-nc/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Emerald Insight, revista Management Decision
publisher.none.fl_str_mv Emerald Insight, revista Management Decision
dc.source.none.fl_str_mv reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
instname:Universidad Rey Juan Carlos
instname_str Universidad Rey Juan Carlos
reponame_str BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
collection BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
repository.name.fl_str_mv
repository.mail.fl_str_mv
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