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Abstract(s)
Na investigação desenvolvida em torno do efeito geracional, a análise dos problemas
originados pela divergência de interesses entre gerações têm ganho relevância.
Quando a natureza do principal proprietário é uma pessoa física ou um grupo familiar,
a evidência empírica, continua a revelar dificuldades na avaliação do impacto desta no
desempenho. A especificidade destas empresas, ao nível da assimetria de informação,
da divergência de interesses nas relações estabelecidas entre os diferentes
participantes e o peso que assumem no setor empresarial, confere-lhes um papel
relevante.
O presente estudo visa perceber de que forma a geração condiciona a rendibilidade
das empresas familiares.
A investigação incide sobre um conjunto de empresas familiares portuguesas com sede
na região de Viseu.
Os resultados obtidos sugerem que nas empresas “não micro” (com mais de cinco
trabalhadores), a gestão praticada pelos proprietários fundadores é fonte de maior
rendibilidade, face às restantes gerações. Constatou-se também que a propriedade
interna, exerce influência significativa sobre a rendibilidade das empresas que estão na
primeira geração, verificando-se que à medida que esta aumenta a rendibilidade tende
a diminuir.
ABSTRACT: In research carried out around the generational effect, analyses of problems caused by the divergence of interests between generations have gained relevance. When the nature of the principal owner is an individual or a family group, the empirical evidence continues to show difficulties in assessing the impact of this performance. The specificity of these companies, the level of information asymmetry, the divergence of interests in the relations established between the different participants and the weight they play within the business sector, gives them an important role. This study aims to understand how the generation affects the profitability of family businesses. The research focuses on a set of Portuguese family business based in Viseu region. The results suggest that the company "did not micro" (with more than five employees), the management practiced by the founding owners is a source of increased profitability, compared to the other generations. It was also found that the internal property, has significant influence on the profitability of companies that are in the first generation and it was observed that as this increases the profitability tends to decrease.
ABSTRACT: In research carried out around the generational effect, analyses of problems caused by the divergence of interests between generations have gained relevance. When the nature of the principal owner is an individual or a family group, the empirical evidence continues to show difficulties in assessing the impact of this performance. The specificity of these companies, the level of information asymmetry, the divergence of interests in the relations established between the different participants and the weight they play within the business sector, gives them an important role. This study aims to understand how the generation affects the profitability of family businesses. The research focuses on a set of Portuguese family business based in Viseu region. The results suggest that the company "did not micro" (with more than five employees), the management practiced by the founding owners is a source of increased profitability, compared to the other generations. It was also found that the internal property, has significant influence on the profitability of companies that are in the first generation and it was observed that as this increases the profitability tends to decrease.
Description
Keywords
Rendibilidade Empresas Familiares Geração Dimensão Empresarial Propriedade Interna