Persona: Doucet Sánchez, Pablo Francisco
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pf.doucet@cee.uned.es
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0000-0002-9480-9278
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Doucet Sánchez
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Pablo Francisco
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Publicación Preferential hiring of relatives and family SMEs’ internationalisation(Inderscience, 2022) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; Suárez González, Isabel; https://orcid.org/0000-0002-4071-2489; https://orcid.org/0000-0002-5224-5304A well-established argument in the family business literature is that the pursuit of noneconomic goals has a remarkable impact on family firms’ strategic decisions, and particularly on their international expansion intentions. But scant research explores how family goals affect family firms’ internationalization. Using survey and archival data on a sample of 1,201 Spanish family SMEs, we show that altruism-induced preferences —as captured by the adoption of the preferential hiring of relatives (PHR) as a primary goal— significantly reduces foreign sales intensity and limits family business operations to their local regions. Furthermore, we find that the external threat of local unemployment exacerbates the negative effect of selecting PHR as a priority on export intensity. Our findings extend previous research on the internationalization of family firms by highlighting the potentially adverse consequences of prioritizing noneconomic goals and how the firm’s environment may interact with such goals to accentuate or impede SMEs’ internationalization.Publicación Financing constraints and growth of private family firms: Evidence from different legal origins(Elsevier, 2022-01) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; https://orcid.org/0000-0002-4071-2489We investigate whether family control informs the extent to which business growth depends on internal finance. Our results are based on a sample of private firms from two regions in which family ownership prevails: Western Europe and East Asia. The countries covered nonetheless differ from each other in their legal origin. We find that the growth of private family firms is less reliant on internal finance. The beneficial effect of family control is especially pronounced in countries where external lenders are more protected. Family control and a protective institutional environment therefore complement each other to facilitate business growth.Publicación Extending the firm versus industry debate into social enterprises: A multilevel analysis on Spanish cooperatives 2008–2023(Wiley, 2025-08-18) Doucet Sánchez, Pablo Francisco; Solórzano García, Marta; Agencia Estatal de Investigación (España)An important debate in the field of strategy and industrial organization economics has long focused on whether the industry environment or firm idiosyncrasies have a greater impact on firm performance. However, cooperatives have been excluded from this inquiry, despite profits being the primary means to achieve their social objectives. This article examines the relative impact of firm and industry effects on cooperative profitability and compares these effects with those in investor-owned firms (IOFs). Additionally, it analyses how generalized economic adversity impacts the relative importance of firm and industry effects on cooperative profitability and compares these changes with those in IOFs. Using multilevel modelling, the study analyses around 8,678 Spanish cooperatives and equivalent IOFs from 2008 to 2023. The findings indicate that industry-level factors account for a greater share of profitability variation in cooperatives than in IOFs, whereas firm-specific effects are comparatively weaker. These patterns are accentuated during periods of economic recession, suggesting that cooperatives are more sensitive to sectoral conditions under adverse macroeconomic contexts.Publicación Extending the firm versus industry debate into social enterprises: A multilevel analysis on Spanish cooperatives 2008–2023(2025-08-18) Doucet Sánchez, Pablo Francisco; Solórzano García, Marta; European Regional Development Fund; Agencia Estatal de Investigación (España)An important debate in the field of strategy and industrial organization economics has long focused on whether the industry environment or firm idiosyncrasies have a greater impact on firm performance. However, cooperatives have been excluded from this inquiry, despite profits being the primary means to achieve their social objectives. This article examines the relative impact of firm and industry effects on cooperative profitability and compares these effects with those in investor-owned firms (IOFs). Additionally, it analyses how generalized economic adversity impacts the relative importance of firm and industry effects on cooperative profitability and compares these changes with those in IOFs. Using multilevel modelling, the study analyses around 8,678 Spanish cooperatives and equivalent IOFs from 2008 to 2023. The findings indicate that industry-level factors account for a greater share of profitability variation in cooperatives than in IOFs, whereas firm-specific effects are comparatively weaker. These patterns are accentuated during periods of economic recession, suggesting that cooperatives are more sensitive to sectoral conditions under adverse macroeconomic contexts.Publicación ¿Por qué persisten los grupos empresariales en Europa? Vacíos institucionales, ventajas financieras o limitación de riesgos(Fundación de las Cajas de Ahorros (FUNCAS), 2021) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; Suárez González, Isabel; https://orcid.org/0000-0002-4071-2489; https://orcid.org/0000-0002-5224-5304Publicación Diversification Decisions of Family SMEs under Uncertainty: Goals as a Rule of Thumb(De Gruyter, 2022-05-24) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; Suárez González, Isabel; https://orcid.org/0000-0002-4071-2489; https://orcid.org/0000-0002-5224-5304Leveraging on the behavioural mixed gamble lens, we contend that heterogeneity in organisational goals leads to different diversification behaviours in family firms. Using survey and archival data on a sample of 988 family SMEs homogenous in their (high) family involvement level, we show that family SMEs that pursue nonfinancial (financial) goals exhibit lower (higher) probability of extending the boundaries of the firm to new product and/or market domains. Interestingly, in the face of threats, only those family SMEs that prioritise financial goals exacerbate their propensity to diversify, while increased vulnerability leads to an even lower probability of adopting diversification decisions among family SMEs with nonfinancial goalsPublicación Business groups’ internal labour markets and SME labour productivity(Springeer, 2024) Doucet Sánchez, Pablo Francisco; Requejo, Ignacio; Suárez González, Isabel; https://orcid.org/0000-0002-4071-2489; https://orcid.org/0000-0002-5224-5304Labour market regulation constrains small and medium-sized enterprises’ (SMEs) ability to minimize redundant labour. However, it is often neglected that many SMEs might circumvent these constraints by accessing a business group’s internal labour market (ILM). In this study, we analyse whether SMEs with ILM access—i.e., with an increasing number of sister group companies in the same subnational region-industry—enjoy a labour productivity premium and whether this potential productivity premium depends on the bargaining power of labour. Because intra-group reallocation of redundant personnel often involves substantial changes in employment conditions, we argue that the value of ILM access might be reduced when the bargaining power of workers is high as they can oppose the reallocation or demand significant compensation. Using a panel of 119,801 European SMEs during 2011–2019 (639,675 firm-year observations), we find that SMEs with ILM access show relatively higher labour productivity. Further, our findings suggest that this productivity premium is higher in those contexts associated with lower labour bargaining power.Publicación Circular economy practices in locally rooted family SMEs: the role of the socio-spatial context(Springer, 2025-05-19) Doucet Sánchez, Pablo Francisco; Garrido Prada, Pablo; Parra Domínguez, Javier; Requejo, Ignacio; Suárez González, Isabel; Agencia Estatal de Investigación (España)This paper examines whether family-owned SMEs differ from non-family SMEs in their adoption of circular economy (CE) practices, with a focus on how these differences are shaped by socio-spatial contexts. Specifically, we investigate the role of a firm’s rural or urban location and the level of country environmental awareness. Using a sample of 13,319 SMEs, we find that family ownership increases the probability of adopting a higher number of CE practices. Furthermore, we find that the positive effect of family ownership on the adoption of CE practices is stronger in rural areas. Finally, while both family and non-family SMEs are more likely to adopt CE practices in countries with greater environmental awareness, non-family SMEs appear to be relatively more influenced by this factor. These findings offer new insights into the intricate interplay of ownership and the socio-spatial context as determinants of the adoption of CE practices in SMEs.