The main goal of this research is to carry out a predictive analysis of
the survival of the companies in the agri-food sector in Andalusia, as well as to
understand and examine the effects of two specific key factors: International activity
and CEO Gender. The influence of women as CEO has been analysed in other sectors,
but there is hardly any research focused on food sector and survival.
A sample of 2176 companies studied over 15 years (2005-2019) has been used
to verify wether their survival depends on economic-financial variables (Net income,
return on total assets, profit margin, net sales, liquidity ratio and turnover), the
companies’ degree of internationalisation and the gender perspective.
An econometric survival analysis has been applied, using the non-parametric
Kaplan-Meier estimator to detect the influence of each variable and a complementary
Log-Log regression.
The results point out that some of the financial variables such as return on total
assets or turnover affect business survival and it is also confirmed that international
activity affects positively the function, but the main discovery is defined by the fact that
the probability for the company to survive is higher in those directed by women