The management characteristics of Spanish small- and medium-sized enterprises (SMEs) are analyzed from a resource-based view in terms of firm performance and business efficiency. A sample of 1,351 Spanish SMEs, classified by industry and size, provide the data for an empirical study of the...

Global trade volumes and globalization hitting records every year imply growth of commercial operations among more companies each time and inevitable dealing with exchange rate risk. As an established practice, some enterprises make payments in a timeframe agreed to in a commercial contract....