Financial Risk Analysis of Portuguese Textile and Tourism Companies
Main Author: | |
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Publication Date: | 2014 |
Other Authors: | , , |
Format: | Article |
Language: | eng |
Source: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Download full: | http://hdl.handle.net/11110/1002 |
Summary: | Textile and tourism sectors are two important industries in the Portuguese economy. However, its high exposure to both internal and international economic volatility make the companies operating in these economic sectors particularly vulnerable to economic crises, such as the ones which have been impacting Portugal and the European Union. The objective of this paper is to evaluate and understand the impact of size and age on the financial health of textile and tourism companies, measured by economic indices. An empirical based model is proposed. Its implications are derived and tested on a sample of 4061 Portuguese companies from textile and tourism sectors, during the period 2005-2009. The findings suggest that age has a major impact on the risk of failure, rather than size. Whereas the effect of age is generally positive regarding the financial health of the company, the effect of size is less clear and ultimately depends on the age of the company. |
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Financial Risk Analysis of Portuguese Textile and Tourism CompaniesAge, size, business failure, textile and tourism industries.Textile and tourism sectors are two important industries in the Portuguese economy. However, its high exposure to both internal and international economic volatility make the companies operating in these economic sectors particularly vulnerable to economic crises, such as the ones which have been impacting Portugal and the European Union. The objective of this paper is to evaluate and understand the impact of size and age on the financial health of textile and tourism companies, measured by economic indices. An empirical based model is proposed. Its implications are derived and tested on a sample of 4061 Portuguese companies from textile and tourism sectors, during the period 2005-2009. The findings suggest that age has a major impact on the risk of failure, rather than size. Whereas the effect of age is generally positive regarding the financial health of the company, the effect of size is less clear and ultimately depends on the age of the company.Euromed Press.2016-02-22T16:59:20Z2016-02-22T16:59:20Z2014-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/11110/1002oai:ciencipca.ipca.pt:11110/1002eng978-9963-711-27-7http://hdl.handle.net/11110/1002Pereira, JoséBasto, MárioSilva, AméliaRibeiro, Humbertoinfo: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:RCAAP2022-09-05T12:52:30Zoai:ciencipca.ipca.pt:11110/1002Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T15:01:24.359452Repositório 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 |
Financial Risk Analysis of Portuguese Textile and Tourism Companies |
title |
Financial Risk Analysis of Portuguese Textile and Tourism Companies |
spellingShingle |
Financial Risk Analysis of Portuguese Textile and Tourism Companies Pereira, José Age, size, business failure, textile and tourism industries. |
title_short |
Financial Risk Analysis of Portuguese Textile and Tourism Companies |
title_full |
Financial Risk Analysis of Portuguese Textile and Tourism Companies |
title_fullStr |
Financial Risk Analysis of Portuguese Textile and Tourism Companies |
title_full_unstemmed |
Financial Risk Analysis of Portuguese Textile and Tourism Companies |
title_sort |
Financial Risk Analysis of Portuguese Textile and Tourism Companies |
author |
Pereira, José |
author_facet |
Pereira, José Basto, Mário Silva, Amélia Ribeiro, Humberto |
author_role |
author |
author2 |
Basto, Mário Silva, Amélia Ribeiro, Humberto |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Pereira, José Basto, Mário Silva, Amélia Ribeiro, Humberto |
dc.subject.por.fl_str_mv |
Age, size, business failure, textile and tourism industries. |
topic |
Age, size, business failure, textile and tourism industries. |
description |
Textile and tourism sectors are two important industries in the Portuguese economy. However, its high exposure to both internal and international economic volatility make the companies operating in these economic sectors particularly vulnerable to economic crises, such as the ones which have been impacting Portugal and the European Union. The objective of this paper is to evaluate and understand the impact of size and age on the financial health of textile and tourism companies, measured by economic indices. An empirical based model is proposed. Its implications are derived and tested on a sample of 4061 Portuguese companies from textile and tourism sectors, during the period 2005-2009. The findings suggest that age has a major impact on the risk of failure, rather than size. Whereas the effect of age is generally positive regarding the financial health of the company, the effect of size is less clear and ultimately depends on the age of the company. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014-01-01T00:00:00Z 2016-02-22T16:59:20Z 2016-02-22T16:59:20Z |
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/11110/1002 oai:ciencipca.ipca.pt:11110/1002 |
url |
http://hdl.handle.net/11110/1002 |
identifier_str_mv |
oai:ciencipca.ipca.pt:11110/1002 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
978-9963-711-27-7 http://hdl.handle.net/11110/1002 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Euromed Press. |
publisher.none.fl_str_mv |
Euromed Press. |
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 |
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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1799129883920564224 |