The efficiency of Horizon 2020 funds on Portuguese SME’s performance

Detalhes bibliográficos
Autor(a) principal: Costa, Henrique Filipe da
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/34733
Resumo: From 2014 to 2020, several SME in the European Union received funding through the Horizon 2020 program. In this paper, the Propensity Score Matching (PSM) methods were applied to analyse the impact of the Horizon 2020 funds on Portuguese SME’s performance. Comparing the evolution of specific indicators from funded and unfunded enterprises, between the years of 2013 and 2019, allows us to understand if there are any advantages in receiving the funds regarding performance and competitiveness. In this case, the selected indicators were ROCE, ROA, Gross Margin, EBITDA Margin, Operating Margin and Net Margin. We are able to conclude that, based on the indicators selected, the enterprises funded from 2014 to 2017 reveal better performance and have competitive advantage over those that have not received funding. This is especially evident in the impact on ROCE, EBITDA Margin, Operating Margin and Net Margin.
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spelling The efficiency of Horizon 2020 funds on Portuguese SME’s performancePMEPropensity score matchingHorizon 2020PerformanceHorizonte 2020Domínio/Área Científica::Ciências Sociais::Economia e GestãoFrom 2014 to 2020, several SME in the European Union received funding through the Horizon 2020 program. In this paper, the Propensity Score Matching (PSM) methods were applied to analyse the impact of the Horizon 2020 funds on Portuguese SME’s performance. Comparing the evolution of specific indicators from funded and unfunded enterprises, between the years of 2013 and 2019, allows us to understand if there are any advantages in receiving the funds regarding performance and competitiveness. In this case, the selected indicators were ROCE, ROA, Gross Margin, EBITDA Margin, Operating Margin and Net Margin. We are able to conclude that, based on the indicators selected, the enterprises funded from 2014 to 2017 reveal better performance and have competitive advantage over those that have not received funding. This is especially evident in the impact on ROCE, EBITDA Margin, Operating Margin and Net Margin.De 2014 a 2020, várias PME na União Europeia receberam fundos através do programa Horizonte 2020. Neste trabalho, foram aplicados métodos de Propensity Score Matching (PSM) para analisar o impacto dos fundos provenientes do Horizonte 2020 na performance das PME Portuguesas. A comparação da evolução de indicadores específicos de empresas com e sem fundos, entre os anos de 2013 e 2019, permitiu perceber se há vantagens intrínsecas em receber este tipo de apoios no que toca a performance e competitividade. Neste caso, os indicadores selecionados foram ROCE, ROA, Gross Margin, EBITDA Margin, Operating Margin e Net Margin. É possível concluir que, com base nos rácios selecionados, empresas que receberam fundos de 2014 a 2017 revelam melhor performance e têm vantagem competitiva sobre as que não receberam fundos. Isto é especialmente evidente no impacto em ROCE, EBITDA Margin, Operating Margin e Net Margin.Oliveira, Francisca Rodrigues Sarmento Guedes deVeritati - Repositório Institucional da Universidade Católica PortuguesaCosta, Henrique Filipe da2021-09-10T14:31:51Z2021-07-142021-052021-07-14T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/34733TID:202749290enginfo: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:RCAAP2023-07-12T17:40:14Zoai:repositorio.ucp.pt:10400.14/34733Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:28:09.652054Repositório 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 efficiency of Horizon 2020 funds on Portuguese SME’s performance
title The efficiency of Horizon 2020 funds on Portuguese SME’s performance
spellingShingle The efficiency of Horizon 2020 funds on Portuguese SME’s performance
Costa, Henrique Filipe da
PME
Propensity score matching
Horizon 2020
Performance
Horizonte 2020
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The efficiency of Horizon 2020 funds on Portuguese SME’s performance
title_full The efficiency of Horizon 2020 funds on Portuguese SME’s performance
title_fullStr The efficiency of Horizon 2020 funds on Portuguese SME’s performance
title_full_unstemmed The efficiency of Horizon 2020 funds on Portuguese SME’s performance
title_sort The efficiency of Horizon 2020 funds on Portuguese SME’s performance
author Costa, Henrique Filipe da
author_facet Costa, Henrique Filipe da
author_role author
dc.contributor.none.fl_str_mv Oliveira, Francisca Rodrigues Sarmento Guedes de
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Costa, Henrique Filipe da
dc.subject.por.fl_str_mv PME
Propensity score matching
Horizon 2020
Performance
Horizonte 2020
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic PME
Propensity score matching
Horizon 2020
Performance
Horizonte 2020
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description From 2014 to 2020, several SME in the European Union received funding through the Horizon 2020 program. In this paper, the Propensity Score Matching (PSM) methods were applied to analyse the impact of the Horizon 2020 funds on Portuguese SME’s performance. Comparing the evolution of specific indicators from funded and unfunded enterprises, between the years of 2013 and 2019, allows us to understand if there are any advantages in receiving the funds regarding performance and competitiveness. In this case, the selected indicators were ROCE, ROA, Gross Margin, EBITDA Margin, Operating Margin and Net Margin. We are able to conclude that, based on the indicators selected, the enterprises funded from 2014 to 2017 reveal better performance and have competitive advantage over those that have not received funding. This is especially evident in the impact on ROCE, EBITDA Margin, Operating Margin and Net Margin.
publishDate 2021
dc.date.none.fl_str_mv 2021-09-10T14:31:51Z
2021-07-14
2021-05
2021-07-14T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.14/34733
TID:202749290
url http://hdl.handle.net/10400.14/34733
identifier_str_mv TID:202749290
dc.language.iso.fl_str_mv eng
language eng
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.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
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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