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What factors condition the financial viability of sheltered employment centres? Empirical evidence
Review of Managerial Science ( IF 7.8 ) Pub Date : 2021-03-03 , DOI: 10.1007/s11846-021-00450-3
Vera Gelashvili , María-Jesús Segovia-Vargas , María-del-Mar Camacho-Miñano

Nowadays, employment is a challenge for people but more for disabled ones. Prior literature shows that, at a European level, there are different ways for people with disabilities to find a job, such as a quota system, sheltered workshops, supported employment, etc. In Spain, sheltered employment centres are prototypes of sheltered workshops aimed at integrating more people with disabilities into the workplace. This research project aims to give visibility to these firms and to gain an understanding of their economic and financial situation. Using the whole sample of sheltered employment centres in Spain, and their financial data from 2004 to 2016, we show which variables explain their viability. Additionally, in light of the imminent worldwide crisis due to the COVID-19 pandemic situation, we want to test the impact of the last economic crisis on the profitability of sheltered employment centres. The main contribution of this study is that the size of these companies, age, financial risk and sales growth, are determining factors for their profitability. And, the economic and financial crisis has conditioned the viability of sheltered employment centres as many firms on the market registered a decrease in their profitability in the years following the crisis but survived. This study helps to shed light on the economic and financial situation of this kind of firms as well as their social visibility.



中文翻译:

哪些因素制约着庇护就业中心的财务生存能力?经验证据

如今,就业已成为人们的挑战,但对残疾人来说却是更大的挑战。先前的文献显示,在欧洲,残疾人找到工作的方式有多种,例如配额制度,庇护工场,受支持的就业机会等。在西班牙,庇护工中心是针对残疾人的庇护工场的原型。将更多的残疾人融入工作场所。该研究项目旨在使这些公司具有知名度,并了解他们的经济和财务状况。使用西班牙庇护性就业中心的整个样本及其2004年至2016年的财务数据,我们显示了哪些变量可以解释其生存能力。此外,鉴于由于COVID-19大流行情况而即将来临的全球危机,我们想测试上一次经济危机对庇护性就业中心的盈利能力的影响。这项研究的主要贡献在于,这些公司的规模,年龄,财务风险和销售增长是决定其盈利能力的因素。而且,经济和金融危机限制了庇护所就业中心的生存能力,因为市场上许多公司在危机发生后的几年中获利能力有所下降,但都幸存下来。这项研究有助于阐明这类公司的经济和财务状况以及它们的社会知名度。经济和金融危机限制了庇护所就业中心的生存,因为市场上许多公司在危机发生后的几年中获利能力下降,但都得以幸存。这项研究有助于阐明这类公司的经济和财务状况以及它们的社会知名度。经济和金融危机限制了庇护所就业中心的生存,因为市场上许多公司在危机发生后的几年中获利能力下降,但都得以幸存。这项研究有助于阐明这类公司的经济和财务状况以及它们的社会知名度。

更新日期:2021-03-03
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