Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286250 
Title (translated): 
The importance of internal and external factors in business success
Year of Publication: 
2021
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 32 [Year:] 2021 [Pages:] 241-256
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
Increasing the productivity of an economy requires improvements in the productivity of its companies, and therefore greater business success. It should be noted that a company on the road to success is more productive. The objective of this paper is to analyse how internal and external factors influence the labour productivity of companies. This paper provides evidence that recognises the importance of the quality of business management, on the one hand, and the factors related to the functioning of markets and institutions, on the other, in determining the productivity of companies. The results show that business management practices and the quality of the business environment jointly determine the productivity of companies. However, there are differences according to the size of the companies, so that smaller companies have lower business productivity that can be increased if they improve their management practices and their physical capital endowment per worker. In addition, if institutions invest in improving the environment in which businesses operate, they are more likely to achieve greater business success.
Subjects: 
business success
labour productivity
management practices
institutional quality
JEL: 
C13
D22
L22
M10
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

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