The efficiency of Horizon 2020 funds on Portuguese SME’s performance
Autor(a) principal: | |
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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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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 |
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application/pdf |
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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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