Rentist capitalism and entrepreneurial decadence: the disappearance of the Martínez Rivas firm (1913-1921)

Authors

  • Pablo Díaz Morlán Univeridad de Alicante

DOI:

https://doi.org/10.1344/rhi.v14i29.19608

Keywords:

Martínez Rivas, I World War, Family Firm, Entrepreneurial Decadence

Abstract

The focus of the article is to provide an explanation of the decadence and disappearance of Casa Martínez Rivas, which took place between 1913, year of the founder’s decease, and 1921, when the Sociedad Española de Construcción Naval y Altos Hornos de Vizcaya bought the businesses of the firm. Based on archival sources, profits obtained during I World War and the dealings preparing the final sale are presented, stressing the role that the threat of foreign interest played. The article offers in the conclusions some ideas regarding the extraordinary profits obtained during the war, the problems presented by generational sucession in family firms, the true characterization of the Byscay oligarchy, and the persistence of capitalist interest beyond entrepreneurial spirit’s decline.

Published

2017-07-24

Issue

Section

Articles