Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols Group

There is not enough research on the role played by finance in the expansion of industrial firms, especially in the case of small and medium-sized enterprises (SMEs), which, since the 1980s, have had to face the challenges of the internationalization spurred on by the Second Globalization. In this ar...

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Detalhes bibliográficos
Autores: García-Ruiz, José Luis, Fernández Pérez, Paloma, 1964-
Tipo de documento: artigo
Estado:Versão publicada
Data de publicação:2017
País:España
Recursos:Universidad de Barcelona
Repositório:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/142794
Acesso em linha:https://hdl.handle.net/2445/142794
Access Level:Acceso aberto
Palavra-chave:Petita i mitjana empresa
Economia internacional
Finançament de l'empresa
Small business
International economic relations
Business finance
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spelling Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols GroupGarcía-Ruiz, José LuisFernández Pérez, Paloma, 1964-Petita i mitjana empresaEconomia internacionalFinançament de l'empresaSmall businessInternational economic relationsBusiness financeThere is not enough research on the role played by finance in the expansion of industrial firms, especially in the case of small and medium-sized enterprises (SMEs), which, since the 1980s, have had to face the challenges of the internationalization spurred on by the Second Globalization. In this article, we explore the subject through the Spanish case during the period 1980-2000 and offer new information extracted from databases and a relevant case study: the financial background behind the transformation of the Grifols Group from a medium-sized business into a large global corporation. According to our research, the 'pecking order' induces the increasing reliance of large firms on public funding, which means more bank credit available for the SMEs. From the study of the Grifols case we learn that to have a strong international partner eases the access to credit for the SMEs.Universia2017info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://hdl.handle.net/2445/142794Articles publicats en revistes (Història Econòmica, Institucions, Política i Economia Mundial)reponame:Dipòsit Digital de la UBinstname:Universidad de BarcelonaInglésReproducció del document publicat a: https://doi.org/10.3232/UBR.2017.V14.N3.03Universia Business Review, 2017, vol. 55, p. 64-79https://doi.org/10.3232/UBR.2017.V14.N3.03(c) García-Ruiz, José Luis et al., 2017info:eu-repo/semantics/openAccessoai:diposit.ub.edu:2445/1427942026-05-27T06:46:51Z
dc.title.none.fl_str_mv Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols Group
title Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols Group
spellingShingle Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols Group
García-Ruiz, José Luis
Petita i mitjana empresa
Economia internacional
Finançament de l'empresa
Small business
International economic relations
Business finance
title_short Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols Group
title_full Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols Group
title_fullStr Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols Group
title_full_unstemmed Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols Group
title_sort Financing the Internationalization of Spanish Industrial SMEs, 1980-2000: The Case of the Grifols Group
dc.creator.none.fl_str_mv García-Ruiz, José Luis
Fernández Pérez, Paloma, 1964-
author García-Ruiz, José Luis
author_facet García-Ruiz, José Luis
Fernández Pérez, Paloma, 1964-
author_role author
author2 Fernández Pérez, Paloma, 1964-
author2_role author
dc.subject.none.fl_str_mv Petita i mitjana empresa
Economia internacional
Finançament de l'empresa
Small business
International economic relations
Business finance
topic Petita i mitjana empresa
Economia internacional
Finançament de l'empresa
Small business
International economic relations
Business finance
description There is not enough research on the role played by finance in the expansion of industrial firms, especially in the case of small and medium-sized enterprises (SMEs), which, since the 1980s, have had to face the challenges of the internationalization spurred on by the Second Globalization. In this article, we explore the subject through the Spanish case during the period 1980-2000 and offer new information extracted from databases and a relevant case study: the financial background behind the transformation of the Grifols Group from a medium-sized business into a large global corporation. According to our research, the 'pecking order' induces the increasing reliance of large firms on public funding, which means more bank credit available for the SMEs. From the study of the Grifols case we learn that to have a strong international partner eases the access to credit for the SMEs.
publishDate 2017
dc.date.none.fl_str_mv 2017
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/142794
url https://hdl.handle.net/2445/142794
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Reproducció del document publicat a: https://doi.org/10.3232/UBR.2017.V14.N3.03
Universia Business Review, 2017, vol. 55, p. 64-79
https://doi.org/10.3232/UBR.2017.V14.N3.03
dc.rights.none.fl_str_mv (c) García-Ruiz, José Luis et al., 2017
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) García-Ruiz, José Luis et al., 2017
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universia
publisher.none.fl_str_mv Universia
dc.source.none.fl_str_mv Articles publicats en revistes (Història Econòmica, Institucions, Política i Economia Mundial)
reponame:Dipòsit Digital de la UB
instname:Universidad de Barcelona
instname_str Universidad de Barcelona
reponame_str Dipòsit Digital de la UB
collection Dipòsit Digital de la UB
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,300724

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