A study of the economic and financial analysis for social firms: are they really businesses?
The main objective of this research paper is to analyze the economic and financial situation of social enterprises through ratio analysis and show their strengths and weaknesses based on financial data. The sample consists of 118 social companies operating in the Autonomous Community of Madrid in Sp...
| Autores: | , , |
|---|---|
| Tipo de recurso: | artículo |
| Fecha de publicación: | 2020 |
| País: | España |
| Institución: | Universidad Complutense de Madrid (UCM) |
| Repositorio: | Docta Complutense |
| Idioma: | inglés |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/8638 |
| Acceso en línea: | https://hdl.handle.net/20.500.14352/8638 |
| Access Level: | acceso abierto |
| Palabra clave: | J58 M4 M41 Social enterprises Insertion firms Sheltered employment centres Financial and economic analysis Empresas sociales Empresas de inserción Centros especiales de empleo Análisis económico-financiero Contabilidad (Economía) Trabajo Cooperativas 5303 Contabilidad Económica |
| Sumario: | The main objective of this research paper is to analyze the economic and financial situation of social enterprises through ratio analysis and show their strengths and weaknesses based on financial data. The sample consists of 118 social companies operating in the Autonomous Community of Madrid in Spain. For data analysis, economic and financial analysis has been carried out, using ratio analysis and the indicator of financial distress: the Altman Z’-score. Our findings highlight that social companies are businesses with a high level of profitability, especially for their partners. Thus, their survival, on average, is guaranteed in the long-term and their liquidity level is optimum. This study is an important contribution for the academic literature, because it carries out a comparison amongst the two different types of social firms, focusing on their economic and financial structure, diminishing the lack of empirical studies about these companies. |
|---|