Browsing by Author "Duarte, Filipe A. P."
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- Absorptive capacity and cooperation evidence in innovation from public policies for innovationPublication . Moura, Dulcineia Catarina; Madeira, Maria Jose; Duarte, Filipe A. P.; Carvalho, João; Kahilana, OrlandoPurpose The purpose of this paper is to better understand whether firm cooperation and absorptive capacity foster success in seeking public financial support for innovation activities and, by doing so, how they contribute to innovation output. Design/methodology/approach The authors therefore extend the existing literature focusing on the effects of cooperation and absorptive capacity on specific public financial support for innovation activities in Portuguese firms from local or regional government, central administration and the European Union by using available data from the Community Innovation Survey CIS 2010 and the application of logistic regression models. The empirical analysis enabled a better understanding of the positive relationship of the variables that determine the form of public financial support in the integration of incentives within firms to stimulate innovation. Findings Therefore, as the level of absorptive capacity in Portuguese firms increases, so does the demand for benefits from public financial support to stimulate innovation from the European Union also increases. The same analysis, now considering the determinant cooperation, notes the positive effects of institutional sources of information and cooperation, in the propensity for seeking public financial incentives from the Central Administration and the European Union. As for internal information and cooperation sources, they are positively related to the integration of incentive measures from the local or Regional Administration and Central Administration. Originality/value The paper presents results that allow us to propose some suggestions that both the firms and those responsible for the implementation of public policies can undertake to increment innovation performance.
- Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEsPublication . Duarte, Filipe A. P.; Rodrigues, Luís Fernandes; Madeira, Maria JoseThe aim of this work is to show the relevance of guarantees provided by the Mutual Credit Guarantee System (MCGS - the Portuguese Society of Credit Guarantee SPGM) as an instrument used in the financing of SMEs, especially in restructuring long-term debt (LTD) and bank loans. The study provides empirical evidence and puts forward an explanatory model of the influence of the mutual credit guarantees on the financing of SMEs. The results obtained show that long-term debt (LTD) financing is positively influenced by the guarantees provided by the MCGS to SMEs as it allows greater debt capacity, especially in the medium and long term, for firms that usually cannot obtain this type of financing. The results also suggest that this type of guarantees creates an environment of confidence among all stakeholders involved.