Resilience of Spanish Firms: a comparative analysis of large and small businesses in the face of 008 financial crisis and COVID-19

The global impact of the COVID-19 crisis has revealed divergent outcomes for businesses, with large corporations thriving while small companies facing challenges. Analyzing the Spanish market, which relies heavily on tourism and lacks large international companies, challenges conventional analyses....

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Main Authors: Jose Sevilla, Cristina Ruiz-Martin, Juan Jose Nebro, Adolfo Lopez-Paredes
Format: Article
Language:English
Published: Universitat Politècnica de València 2025-01-01
Series:International Journal of Production Management and Engineering
Subjects:
Online Access:https://polipapers.upv.es/index.php/IJPME/article/view/21740
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author Jose Sevilla
Cristina Ruiz-Martin
Juan Jose Nebro
Adolfo Lopez-Paredes
author_facet Jose Sevilla
Cristina Ruiz-Martin
Juan Jose Nebro
Adolfo Lopez-Paredes
author_sort Jose Sevilla
collection DOAJ
description The global impact of the COVID-19 crisis has revealed divergent outcomes for businesses, with large corporations thriving while small companies facing challenges. Analyzing the Spanish market, which relies heavily on tourism and lacks large international companies, challenges conventional analyses. Despite these anomalies, business closures align with global trends. Applying the dynamic organizational resilience model—Absorption, Adaptation, and Learning—we propose that large Spanish companies, having weathered the 2008 financial crisis, were better equipped for COVID-19. This article investigates whether deploying organizational resilience justifies the Spanish market's response, exploring the influence of company size and crisis type on survival capacity between 2007 and 2023.
format Article
id doaj-art-532736ed948746e495ff4a588491b581
institution Kabale University
issn 2340-4876
language English
publishDate 2025-01-01
publisher Universitat Politècnica de València
record_format Article
series International Journal of Production Management and Engineering
spelling doaj-art-532736ed948746e495ff4a588491b5812025-01-31T13:48:47ZengUniversitat Politècnica de ValènciaInternational Journal of Production Management and Engineering2340-48762025-01-01131455810.4995/ijpme.2025.2174020928Resilience of Spanish Firms: a comparative analysis of large and small businesses in the face of 008 financial crisis and COVID-19Jose Sevilla0https://orcid.org/0000-0001-8960-2670Cristina Ruiz-Martin1https://orcid.org/0000-0001-9525-2734Juan Jose Nebro2https://orcid.org/0000-0003-1167-2753Adolfo Lopez-Paredes3https://orcid.org/0000-0001-5748-8308Universidad de MálagaCarleton UniversityUniversidad de MálagaUniversidad de MálagaThe global impact of the COVID-19 crisis has revealed divergent outcomes for businesses, with large corporations thriving while small companies facing challenges. Analyzing the Spanish market, which relies heavily on tourism and lacks large international companies, challenges conventional analyses. Despite these anomalies, business closures align with global trends. Applying the dynamic organizational resilience model—Absorption, Adaptation, and Learning—we propose that large Spanish companies, having weathered the 2008 financial crisis, were better equipped for COVID-19. This article investigates whether deploying organizational resilience justifies the Spanish market's response, exploring the influence of company size and crisis type on survival capacity between 2007 and 2023.https://polipapers.upv.es/index.php/IJPME/article/view/21740organizationl resiliencespanish market2008 financial crisiscovid-19 crisis
spellingShingle Jose Sevilla
Cristina Ruiz-Martin
Juan Jose Nebro
Adolfo Lopez-Paredes
Resilience of Spanish Firms: a comparative analysis of large and small businesses in the face of 008 financial crisis and COVID-19
International Journal of Production Management and Engineering
organizationl resilience
spanish market
2008 financial crisis
covid-19 crisis
title Resilience of Spanish Firms: a comparative analysis of large and small businesses in the face of 008 financial crisis and COVID-19
title_full Resilience of Spanish Firms: a comparative analysis of large and small businesses in the face of 008 financial crisis and COVID-19
title_fullStr Resilience of Spanish Firms: a comparative analysis of large and small businesses in the face of 008 financial crisis and COVID-19
title_full_unstemmed Resilience of Spanish Firms: a comparative analysis of large and small businesses in the face of 008 financial crisis and COVID-19
title_short Resilience of Spanish Firms: a comparative analysis of large and small businesses in the face of 008 financial crisis and COVID-19
title_sort resilience of spanish firms a comparative analysis of large and small businesses in the face of 008 financial crisis and covid 19
topic organizationl resilience
spanish market
2008 financial crisis
covid-19 crisis
url https://polipapers.upv.es/index.php/IJPME/article/view/21740
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AT juanjosenebro resilienceofspanishfirmsacomparativeanalysisoflargeandsmallbusinessesinthefaceof008financialcrisisandcovid19
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