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Abstract(s)
A globalização dos grupos económicos aliada aos avanços tecnológicos tem feito com que as organizações alterem a forma como abordam cada mercado onde operam. Se anteriormente ter um produto diferenciado, um eficiente sistema produtivo ou uma rede de distribuição eficaz era sinónimo de obtenção de resultados, nos dias de hoje ativos intangíveis têm-se vindo a tornar numa ferramenta de diferenciação entre organizações.
Deste modo, o presente trabalho teve como objetivo verificar qual a relação entre os ativos intangíveis, tendo como amostra 2.535 Pequenas e Médias Empresas (PME) portuguesas no período de 2012 a 2017, com a sua performance empresarial.
Os resultados obtidos permitiram verificar que o peso que estes ativos representam na totalidade dos ativos reconhecidos em balanço nas empresas da amostra é relativamente baixo, onde aproximadamente 84% destas apresentam um peso em intangíveis inferior a 5%. Não obstante, através do modelo de regressão linear foi possível verificar uma relação negativa e estatisticamente significativa entre os ativos intangíveis e o indicador de performance. O mesmo modelo permitiu verificar que existe também uma relação negativa entre a performance e o nível de endividamento. Por outro lado, o facto das empresas operarem noutros mercados por via da importação e exportação e o volume de negócios afetam de forma positiva a rendibilidade.
The current economic globalization and technological innovation have altered the way companies approach the markets in which they operate. Traditionally, companies relied on differentiated products, efficient production processes and effective distribution networks in order to obtain positive financial results. Nevertheless, this approach is no longer adequate, and companies place a greater emphasis on intangible assets as a means of differentiation. Considering these developments, this study relies on a sample of 2535 small and medium enterprises (SMEs), between the years of 2012 and 2017, to evaluate the relationship between intangible assets and financial performance. Even though intangible assets only account for a small portion of the balance sheet – less than 5% in approximately 84% of SMEs in the sample, our findings suggest that intangible assets as a percentage of total assets are significantly but negatively associated with profitability. The model also suggests a negative relationship between this variableand the level of indebtedness. On the other hand, companies that operate in external markets (through importation and exportation) and the revenues are the items that affects, in a positive way, the performance.
The current economic globalization and technological innovation have altered the way companies approach the markets in which they operate. Traditionally, companies relied on differentiated products, efficient production processes and effective distribution networks in order to obtain positive financial results. Nevertheless, this approach is no longer adequate, and companies place a greater emphasis on intangible assets as a means of differentiation. Considering these developments, this study relies on a sample of 2535 small and medium enterprises (SMEs), between the years of 2012 and 2017, to evaluate the relationship between intangible assets and financial performance. Even though intangible assets only account for a small portion of the balance sheet – less than 5% in approximately 84% of SMEs in the sample, our findings suggest that intangible assets as a percentage of total assets are significantly but negatively associated with profitability. The model also suggests a negative relationship between this variableand the level of indebtedness. On the other hand, companies that operate in external markets (through importation and exportation) and the revenues are the items that affects, in a positive way, the performance.
Description
Mestrado em Contabilidade
Keywords
Ativo intangível Performance Normas de contabilísticas PME Intangible assets Performance Accounting standards SME
Citation
Gomes, L. M. (2020) A relação entre os ativos intangíveis e a performance empresarial das PME em Portugal. (Dissertação de mestrado não publicada). Instituto Politécnico de Lisboa, Instituto Superior de Contabilidade e Administração de Lisboa. Disponível em http://hdl.handle.net/10400.21/15699