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Advisor(s)
Abstract(s)
A globalização da economia e o crescimento dos mercados além-fronteiras traduz-se em novas oportunidades para o setor empresarial, apresentando novos desafios para o desenvolvimento das empresas. Neste contexto, a componente das exportações é cada vez mais relevante, assumindo um papel estratégico para as organizações, bem como para o crescimento económico dos diferentes países. A presente investigação teve como objetivo avaliar o impacto das variáveis independentes, representadas pelas vendas das exportações
(VE), as vendas do mercado interno (VI), o retorno sobre os ativos (ROA) e o número de anos de atividade da empresa (AC) sobre o desempenho das organizações, sendo este desempenho medido pelo indicador do retorno sobre as vendas (ROS). A amostra baseou-se em 300 empresas portuguesas do setor do calçado com atividade de exportação, tendo o estudo incidido sobre os anos 2011, 2012 e 2013. Foi utilizado um modelo de regressão linear múltipla, onde o indicador ROS foi correlacionado com as variáveis VE, VI, ROA e AC. Os
resultados obtidos permitem concluir que um maior ROA e um menor valor de VE conduzem, em média, à obtenção de um valor mais elevado no ROS, sendo de referir que o efeito de ambas as variáveis preditoras é significativo. Assim, o resultado de VE apresenta um valor negativo (B2 = - 9,059 × 10 -5; t = - 2,304; p = 0,021) e o efeito da variável ROA revela-se positivo (B1 = 0,603; t = 65,488; p = 0,000). Relativamente às variáveis VI e AC, as mesmas foram excluídas do modelo, uma vez que não apresentaram relevância estatística.
The economy globalization and the growth of cross-border markets translates into new opportunities for the business sector, presenting new challenges for the development of enterprises. In this context, the component of exports is increasingly relevant, playing a strategic role for organizations as well as for the economic growth of different countries. This research aimed to evaluate the impact of the independent variables, represented by sales of exports (VE), the domestic sales (VI), the return on assets (ROA) and the number of years of business activity (AC) on the performance of organizations, being this performance measured through the indicator return on sales (ROS). The sample was based on 300 Portuguese companies of the footwear sector with export activity, having the study focused on the years 2011, 2012 and 2013. A multiple linear regression model was used, where the ROS indicator was correlated with VE, VI, ROA and AC variables. The results showed that a higher ROA and a lower value of VE lead, on average, to achieving a highest value in ROS, being noted that the effect of both predictor variables is significant. Thus, the result of the VE shows a negative value (B2 = - 9,059 × 10 -5; t = - 2,304; p = 0,021) and the effect of ROA reveals positive (B1 = 0,603; t = 65,488, p = 0,000). Concerning to VI and AC variables, they were excluded from the model because they didn’t show any statistical relevance.
The economy globalization and the growth of cross-border markets translates into new opportunities for the business sector, presenting new challenges for the development of enterprises. In this context, the component of exports is increasingly relevant, playing a strategic role for organizations as well as for the economic growth of different countries. This research aimed to evaluate the impact of the independent variables, represented by sales of exports (VE), the domestic sales (VI), the return on assets (ROA) and the number of years of business activity (AC) on the performance of organizations, being this performance measured through the indicator return on sales (ROS). The sample was based on 300 Portuguese companies of the footwear sector with export activity, having the study focused on the years 2011, 2012 and 2013. A multiple linear regression model was used, where the ROS indicator was correlated with VE, VI, ROA and AC variables. The results showed that a higher ROA and a lower value of VE lead, on average, to achieving a highest value in ROS, being noted that the effect of both predictor variables is significant. Thus, the result of the VE shows a negative value (B2 = - 9,059 × 10 -5; t = - 2,304; p = 0,021) and the effect of ROA reveals positive (B1 = 0,603; t = 65,488, p = 0,000). Concerning to VI and AC variables, they were excluded from the model because they didn’t show any statistical relevance.
Description
Artigo em revista científica internacional com arbitragem científica
Keywords
Internacionalização Globalização Exportações ROA ROS Internationalization Globalization Exports
Citation
Publisher
Portuguese Journal of Finance, Management and Accounting