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A study of the economic and financial analysis for social firms: are they really businesses?

dc.contributor.authorGelashvili, Vera
dc.contributor.authorCamacho-Miñano, Maria del Mar
dc.contributor.authorSegovia-Vargas, María Jesús
dc.date.accessioned2024-01-15T15:57:05Z
dc.date.available2024-01-15T15:57:05Z
dc.date.issued2020-07-01
dc.identifier.citationGelashvili, V., Camacho-Miñano, M. del M., & Segovia-Vargas, M. J. (2020). Un estudio sobre el análisis económico-financiero de las empresas sociales: ¿son realmente negocios? A study of the economic and financial analysis for social firms: are they really businesses?. Revista de Contabilidad - Spanish Accounting Review, 23(2), 139–147. https://doi.org/10.6018/rcsar.361531
dc.identifier.issn1988-4672
dc.identifier.urihttps://hdl.handle.net/10115/28460
dc.description.abstractThe 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.es
dc.language.isoenges
dc.publisherRevista de Contabilidad - Spanish Accounting Reviewes
dc.rightsAttribution-NonCommercial-NoDerivs 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectSocial enterpriseses
dc.subjectInsertion firmses
dc.subjectSheltered employment centreses
dc.subjectFinancial and economic analysises
dc.titleA study of the economic and financial analysis for social firms: are they really businesses?es
dc.typeinfo:eu-repo/semantics/articlees
dc.identifier.doi10.6018/rcsar.361531es
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses


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