Family business in Portugal: Analysis of the financial indicators evolution

• Autor(a) principal: Galupa, Raquel Martins
• Data de Publicação: 2019
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10071/19524
• topic: Family business; Financial indicators; Financial evolution; Portuguese companies; Empresas familiares; Indicadores financeiros; Evolução financeira; Empresas portuguesas

The impact that family firms have on the economy of a country has been quiet relevant. A great part of the companies all over the world is family business. Moreover, these firms have a significant influence on the countries’ gross domestic product, employment rates and consumer price index. Therefore, family business has been of great interest by researchers. The family business definition, objectives and goals, performance and financial structure are aspects that have been under study for several years. Furthermore, one of the main subjects is the differences and similarities between family firms and non-family firms. Authors from distinct countries have analysed if family companies outperform or underperform non-family ones, and the impact that the family has on the business performance. This thesis aims to analyse the evolution of financial indicators in Portuguese companies between 2010 and 2016. Considering the existing gap in this field, this research was developed with the data given by the "Associação das Empresas Familiares". This Portuguese association intends to support and defend the family firm’s interests. Accordingly, it is interesting for this organization to have studies about its associates. The data extraction resulted in a population of 450 family companies. In order to understand better this population, an exploratory data analysis was done. Then, the financial evolution of these firms along the seven years was studied. Finally, the conclusions about the progress and financial development of these businesses were made.