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Education Research International
Volume 2014 (2014), Article ID 749606, 9 pages
http://dx.doi.org/10.1155/2014/749606
Research Article

The Effects of Training on the Competitive Economic Advantage of Companies in Spain

1Department of Business Administration, Universitat Politècnica de Catalunya, 08034 Barcelona, Spain
2Department of Public Economics, Political Economy and Spanish Economy, Faculty of Economics and Business, Universitat de Barcelona, 08034 Barcelona, Spain

Received 12 July 2014; Revised 12 November 2014; Accepted 16 November 2014; Published 4 December 2014

Academic Editor: Shu-Sheng Liaw

Copyright © 2014 Maria Luz Marin-Diaz et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

The search for factors that lead to competitive advantage in a company in relation to its competitors is a widely debated subject; a wide range of issues have been examined to determine which factors are the most influential. The aim of this paper is to study training effect on business results (particularly on firm’s financial turnover). For the present research, the classical model of Industrial Economy as a frame of reference has been used. The data collection instrument was a questionnaire sent to 381 large organizations in Catalonia (Spain) during 2009 and 2010. The empirical section of the present article was developed using structural equation modeling (SEM). Results relate training to company’s financial turnover in a positive way. The General Expenditure and Costs is the variable that most contributes to the explanation of firms’ financial turnover. The Organization of Training variable is the second most important construct to account for financial turnover However, training is required to be well organized as well as properly financed.