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Of Valencian family-owned firms, the most competitive (25%) generate more than half of the total employment created by these firms

According to the Corporate Governance, Strategy and Competitiveness (GECE) Observatory sponsored by Bankia and the Ivie,  Valencian family-owned businesses classified as strongly competitive (25.4%) generate 52.7% of the total employment created by family firms in the Valencian Community.

This is one of the main conclusions derived from the new issue of Keys to Competitiveness which was presented at the GECE Observatory Annual Conference.

Participating in the conference, which was held at the Bankia headquarters in Valencia, were José Sevilla (CEO of Bankia), Joaquín Maudos (Research Deputy Director), Alejandro Escribá (Ivie Researcher and Director of the University of Valencia Chair of Family Business) and Carlos Aguilera (Director for Business Banking of the Valencian Community and Murcia). In addition, the following experts took part in a round-table discussion on benchmark companies: Emi Boix (CEO of EMAC),  Alberto Gutierrez (CEO of Aquaservice) and Angela Perez (CEO of Imegen).

According to the ‘GECE Observatory’, carried out in collaboration with the University of Valencia Chair of Family Business (CEFUV), the percentage of family firms classified as strongly competitive has increased both at national and regional level. Specifically, they increased from 24.5% in 2014 to 26.5% in 2017 in Spain, whereas, in the case of the Valencian Community, the percentage increased 1.8 points during the same period, from 23.6% to 25.4%.

The most competitive Valencia family-owned firms generated 58.4% of the total value added and 52.7% of the total employment produced by family firms in the region.

The GECE Observatory is a project launched by Bankia, in collaboration with the Ivie, with the goal of analyzing the competitiveness of Valencian firms over time and the factors and internal causes that contribute to making businesses more competitive. During its first year of activity, three full reports and four short informative notes (Keys to Competitiveness) were developed that analyze among other issues, competitiveness, size, age and type of ownership of firms in the Valencian Community.