Publication
El conservadurismo, el secreto y las opciones de financiaciĆ³n de las pyme portuguesas
| dc.contributor.advisor | Teixeira QuirĆ³s, JoaquĆn | |
| dc.contributor.advisor | Justino, Maria do RosƔrio Fernandes | |
| dc.contributor.advisor | Bastos, JoĆ£o | |
| dc.contributor.author | Albuquerque, FƔbio | |
| dc.date.accessioned | 2015-11-25T11:29:52Z | |
| dc.date.available | 2015-11-25T11:29:52Z | |
| dc.date.issued | 2013 | |
| dc.description | Doutoramento em Economia Financeira e Contabilidade | pt_PT |
| dc.description.abstract | Estudos mais recentes tĆŖm procurado analisar as diferenƧas em torno da estrutura de capital das empresas dos diversos paĆses atravĆ©s da inclusĆ£o de variĆ”veis culturais, com base em referenciais teĆ³ricos propostos, designadamente, por Hofstede (1980), Schwartz (1994a, 1999) e posteriores desenvolvimentos. O presente estudo pretende analisar as opƧƵes de financiamento dos gestores/proprietĆ”rias das PME a partir de um ponto de vista que incorpora nessa anĆ”lise valores culturais, nomeadamente, o conservadorismo e o secretismo. Os dados foram obtidos com recurso a um questionĆ”rio conduzido aos gestores/proprietĆ”rios de uma amostra de 1.629 PME LĆder em Portugal, bem como a partir da informaĆ§Ć£o contabilĆstico-financeira relativa aos perĆodos de 2009 a 2011, tendo-se obtido 438 respostas vĆ”lidas, a que corresponde uma taxa de resposta de 27%. Com base em tĆ©cnicas de regressĆ£o multivariada, os resultados obtidos identificaram um significativo suporte para a relaĆ§Ć£o negativa (positiva) entre os valores do conservadorismo e do secretismo, analisados em associaĆ§Ć£o, e as opƧƵes de financiamento empresarial relacionadas com um maior (menor) risco, ou seja, a contraĆ§Ć£o de endividamento remunerado (nĆ£o remunerado). Identifica ainda um suporte mais significativo para a seleĆ§Ć£o das fontes de financiamento por parte dos gestores/proprietĆ”rios das PME nacionais Ć luz da teoria do pecking order. Os contributos deste estudo prendem-se, por um lado, com a inclusĆ£o de variĆ”veis culturais na anĆ”lise das opƧƵes de financiamento empresarial das PME nacionais e, por outro, e pela anĆ”lise do endividamento atravĆ©s da sua distinĆ§Ć£o em torno das suas caracterĆsticas (remunerado vs. nĆ£o remunerado). Pretende-se, assim, que estudos futuros continuem a considerar na anĆ”lise das opƧƵes de financiamento empresarial os fatores culturais e motivacionais que estĆ£o na origem de tais opƧƵes, tendo em conta ainda as distintas caracterĆsticas associadas ao endividamento. | pt_PT |
| dc.description.abstract | Recent studies have sought to analyze the international differences in capital structure of firms through the inclusion of cultural variables, based on theoretical frameworks proposed, namely, by Hofstede (1980), Schwartz (1994a, 1999) and subsequent developments. This paper is intended for analyzing the financing options of SMEs (small and medium-sized enterprises) managers/owners from a standpoint which incorporates to this analysis some cultural values, namely, conservatism and secrecy. Data were obtained by applying a questionnaire to managers/owners of a sample composed by 1,629 SMEs in Portugal, as well as from accounting and financial information related to the period from 2009 to 2011. It was obtained 438 valid answers, corresponding to a response rate of 27%. Based on multivariate regression techniques, the results identified a significant support to the negative relation between conservatism and secrecy in association, and the entrepreneur financing options associated to a greater risk (debt with costs), as well as a more significant support when domestic SMEs managers/owners choose financing sources based on the pecking order theory. The contributions of this study are related, on the one hand, with the inclusion of cultural variables in the analysis of entrepreneur financing options of domestic SMEs, and on the other hand with the analysis of debt through their distinct characteristics (debt with costs vs. debt without costs). It is intended that future studies continue to consider in the analysis of entrepreneur financing options the cultural and motivational factors that give rise to such options, also taking into account the different characteristics associated with the debt. | pt_PT |
| dc.identifier.citation | ALBUQUERQUE, FĆ”bio Henrique Ferreira de - El conservadurismo, el secreto y las opciones de financiaciĆ³n de las pyme portuguesas. [EspaƱa]: Universidad de Extremadura. Departamento de EconomĆa Financiera y Contabilidad, 2013. Tese de doutoramento. DisponĆvel em www:<http://hdl.handle.net/10662/891>. | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.21/5384 | |
| dc.language.iso | por | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.publisher | Universidad de Extremadura. Departamento de EconomĆa Financiera y Contabilidad | pt_PT |
| dc.relation.publisherversion | http://hdl.handle.net/10662/891 | pt_PT |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | pt_PT |
| dc.subject | Conservadorismo | pt_PT |
| dc.subject | Financiamento | pt_PT |
| dc.subject | PME | pt_PT |
| dc.subject | Secretismo | pt_PT |
| dc.subject | Conservatism | pt_PT |
| dc.subject | Financing | pt_PT |
| dc.subject | Secrecy | pt_PT |
| dc.subject | SMEs | pt_PT |
| dc.title | El conservadurismo, el secreto y las opciones de financiaciĆ³n de las pyme portuguesas | pt_PT |
| dc.type | doctoral thesis | |
| dspace.entity.type | Publication | |
| person.familyName | Albuquerque | |
| person.givenName | FƔbio | |
| person.identifier | 2083208 | |
| person.identifier.ciencia-id | 321C-4345-98A2 | |
| person.identifier.orcid | 0000-0001-8877-9634 | |
| person.identifier.scopus-author-id | 57192316632 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | doctoralThesis | pt_PT |
| relation.isAuthorOfPublication | 26fb9500-7aa0-4e26-85d0-9dac4a581202 | |
| relation.isAuthorOfPublication.latestForDiscovery | 26fb9500-7aa0-4e26-85d0-9dac4a581202 |