| Issue |
E3S Web Conf.
Volume 532, 2024
Second International Conference of Applied Industrial Engineering: Intelligent Production Automation and its Sustainable Development (CIIA 2024)
|
|
|---|---|---|
| Article Number | 01003 | |
| Number of page(s) | 8 | |
| Section | Integrating Sustainability Strategies and Developments in Industrial Production | |
| DOI | https://doi.org/10.1051/e3sconf/202453201003 | |
| Published online | 06 June 2024 | |
Financial resources and their impact on the organizational resilience as a business family sustainability strategy
1 Universidad Rey Juan Carlos, Madrid, España
2 Universidad de Guayaquil, Guayaquil, Ecuador
3 Universidad Internacional del Ecuador, Guayaquil, Ecuador
* Corresponding author: maria.britooch@ug.edu.ec
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.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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