Financial resources and their impact on the organizational resilience as a business family sustainability strategy

Autor: Brito-Ochoa María Paulina, Sacristán-Navarro María Asunción, Pelechano-Barahona Eva, Vasco-Mora Fabricio Alfonso
Jazyk: English<br />French
Rok vydání: 2024
Předmět:
Zdroj: E3S Web of Conferences, Vol 532, p 01003 (2024)
Druh dokumentu: article
ISSN: 2267-1242
DOI: 10.1051/e3sconf/202453201003
Popis: The COVID-19 pandemic had a severe impact on Ecuadorian family business. More than 35% of organizations were temporarily shut down, while other15% of them were permanently closed. Companies should adopt the organizational resilience as their business strategy to guarantee a long-term viability. Organizational resilience refers to the ability of a company to return to a stable stateafter an unexpected disruption to generate business sustainability. Financial resources are beneficial for organizational resilience due to the reason that a financialslack can absorb initial financial and material losses in times of adversity. This studyfocuses on knowing the impact of financial resources on organizational resilience as a business sustainability strategy in the context of the Ecuadorian family business.
Databáze: Directory of Open Access Journals