The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.8/6773 |
Resumo: | Companies that provide public services usually receive subsidies from municipalities as compensation for replacing the latter in their functions as public service providers. However, the managers of those companies are not always interested in maintaining an economically sustainable company, as this implies turning off the tap on exploration subsidies. This article investigates the effect of subsidies on the financial performance of municipal solid waste collection and treatment companies for 2016–2020 and across NUTS II regions. The accounting data of 680 companies retrieved from the SABI database, make it possible to assess the economic sustainability of the companies through financial ratios and operational data. The results show that the financial structure and management of companies in the center, Lisbon, and the Azores allowed to take advantage of exploration subsidies to achieve economic sustainability. In the remaining regions these subsidies proved to be ineffective. These results have implications for managers and policy makers insofar as it sheds a light on the conditions under which subsidies contribute to the economical sustainability of companies in the sector. |
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The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy ImplicationsEconomic sustainabilityFinancial performanceMSWSubsidiesCompanies that provide public services usually receive subsidies from municipalities as compensation for replacing the latter in their functions as public service providers. However, the managers of those companies are not always interested in maintaining an economically sustainable company, as this implies turning off the tap on exploration subsidies. This article investigates the effect of subsidies on the financial performance of municipal solid waste collection and treatment companies for 2016–2020 and across NUTS II regions. The accounting data of 680 companies retrieved from the SABI database, make it possible to assess the economic sustainability of the companies through financial ratios and operational data. The results show that the financial structure and management of companies in the center, Lisbon, and the Azores allowed to take advantage of exploration subsidies to achieve economic sustainability. In the remaining regions these subsidies proved to be ineffective. These results have implications for managers and policy makers insofar as it sheds a light on the conditions under which subsidies contribute to the economical sustainability of companies in the sector.MDPIIC-OnlineSantos, EleonoraLisboa, Inês2022-03-15T10:41:31Z20222022-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.8/6773engSantos, E.; Lisboa, I. The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications. Sustainability 2022, 14, 3076. https://doi.org/10.3390/su140530762071-105010.3390/su14053076info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-17T15:53:53Zoai:iconline.ipleiria.pt:10400.8/6773Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:49:55.481964Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications |
title |
The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications |
spellingShingle |
The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications Santos, Eleonora Economic sustainability Financial performance MSW Subsidies |
title_short |
The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications |
title_full |
The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications |
title_fullStr |
The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications |
title_full_unstemmed |
The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications |
title_sort |
The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications |
author |
Santos, Eleonora |
author_facet |
Santos, Eleonora Lisboa, Inês |
author_role |
author |
author2 |
Lisboa, Inês |
author2_role |
author |
dc.contributor.none.fl_str_mv |
IC-Online |
dc.contributor.author.fl_str_mv |
Santos, Eleonora Lisboa, Inês |
dc.subject.por.fl_str_mv |
Economic sustainability Financial performance MSW Subsidies |
topic |
Economic sustainability Financial performance MSW Subsidies |
description |
Companies that provide public services usually receive subsidies from municipalities as compensation for replacing the latter in their functions as public service providers. However, the managers of those companies are not always interested in maintaining an economically sustainable company, as this implies turning off the tap on exploration subsidies. This article investigates the effect of subsidies on the financial performance of municipal solid waste collection and treatment companies for 2016–2020 and across NUTS II regions. The accounting data of 680 companies retrieved from the SABI database, make it possible to assess the economic sustainability of the companies through financial ratios and operational data. The results show that the financial structure and management of companies in the center, Lisbon, and the Azores allowed to take advantage of exploration subsidies to achieve economic sustainability. In the remaining regions these subsidies proved to be ineffective. These results have implications for managers and policy makers insofar as it sheds a light on the conditions under which subsidies contribute to the economical sustainability of companies in the sector. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-03-15T10:41:31Z 2022 2022-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.8/6773 |
url |
http://hdl.handle.net/10400.8/6773 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Santos, E.; Lisboa, I. The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications. Sustainability 2022, 14, 3076. https://doi.org/10.3390/su14053076 2071-1050 10.3390/su14053076 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
MDPI |
publisher.none.fl_str_mv |
MDPI |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799136991416156160 |