Publication
O Governo e a estrutura de endividamento: O caso das PMEĀ“s portuguesas
| datacite.subject.fos | CiĆŖncias Sociais::Economia e GestĆ£o | pt_PT |
| dc.contributor.advisor | Pinto, AntĆ³nio Pedro Martins Soares | |
| dc.contributor.advisor | Henriques, Carla Manuela Ribeiro | |
| dc.contributor.author | Rodrigues, JosƩ Manuel PoƧas | |
| dc.date.accessioned | 2018-10-08T08:05:29Z | |
| dc.date.available | 2018-10-08T08:05:29Z | |
| dc.date.issued | 2018-09-13 | |
| dc.date.submitted | 2018-06-29 | |
| dc.description.abstract | Ao longo da literatura o estudo do governo empresarial nas decisƵes financeiras tem vindo a ganhar relevĆ¢ncia, em particular, na estrutura de endividamento, nĆ£o existindo um consenso sobre quais e o modo como as suas caracterĆsticas influenciam tais decisƵes. Neste estudo o endividamento encontrase dividido em trĆŖs formas distintas, o endividamento a curto, a mĆ©dio e longo prazo e o total. Pretende-se aferir se a estrutura do endividamento Ć© condicionada pela natureza da propriedade, existindo uma distinĆ§Ć£o/comparaĆ§Ć£o entre empresas familiares e nĆ£o familiares. A amostra em estudo Ć© composta por Pequenas e MĆ©dias empresas portuguesas (PME) inseridas no sector C (Industrias Transformadoras). Constatou-se que as empresas familiares tĆŖm maiores nĆveis de endividamento e que estas se distinguem das nĆ£o familiares pelo impacto que os determinantes do governo tĆŖm na maturidade da divida. Conclui-se tambĆ©m que o nĆŗmero de gestores, o nĆŗmero de bancos, a rendibilidade e a dimensĆ£o contribuem para a estrutura de capital das empresas familiares e nĆ£o familiares. Por outro lado a concentraĆ§Ć£o da propriedade e a propriedade interna, apesar de influenciarem a estrutura de capital, sĆ£o distintas dependendo da natureza da propriedade. | pt_PT |
| dc.description.abstract | ABSTRACT: Throughout the literature, the study of corporate governance in financial decisions has gained relevance, in particular, in the structure of indebtedness, and there is no consensus on what and how its characteristics influence such decisions. In this study, indebtedness is divided into three distinct forms: short, medium and long term indebtedness and total indebtedness. It is intended to assess whether the structure of indebtedness is conditioned by the nature of the property, and there is a distinction / comparison between family and non-family businesses. The sample under study is made up of Portuguese Small and Medium Enterprises (SMEs) inserted in sector C (Transforming Industries). It was verified that the family companies have higher indebtedness levels and that these are distinguished from the unfamiliar ones by the impact that the determinants of the government have in the maturity of the debt. It is also concluded that the number of managers, number of banks, profitability and size contribute to the capital structure of family and non-family businesses. On the other side, the concentration of property and internal property, although influencing the capital structure, are distinct depending on the nature of the property. | pt_PT |
| dc.identifier.tid | 201980207 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.19/5101 | |
| dc.language.iso | por | pt_PT |
| dc.subject | Governo empresarial | pt_PT |
| dc.subject | Estrutura da divida | pt_PT |
| dc.subject | Endividamento | pt_PT |
| dc.title | O Governo e a estrutura de endividamento: O caso das PMEĀ“s portuguesas | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | FinanƧas Empresariais | pt_PT |
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