FCSH - DGE | Documentos por Auto-Depósito
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Browsing FCSH - DGE | Documentos por Auto-Depósito by Subject "Agency theory"
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- Adoption of energy efficiency measures in the buildings of micro-, small- and medium-sized Portuguese enterprisesPublication . Cunha, Paulo; Neves, Sónia Almeida; Marques, António Cardoso; Serrasqueiro, ZéliaThis paper seeks to analyse the adoption of Energy Efficiency Measures in non-residential buildings. Based on the concepts of agency theory and absorptive capacity, the propensity of Micro-, Small- and Medium-sized Enterprises in Portugal to adopt energy efficiency in lighting, insulation, and the replacement and operation of heating, was evaluated. To achieve this, an online survey was carried out, and the resultant data was treated using Probit models. The main findings suggest that absorptive capacity factors are a key reason for adopting more efficient and profitable technologies. Policymakers should provide assistance and information to the managers of these enterprises regarding the benefits of energy efficiency measures. Additionally, this paper shows that subsidiary enterprises are more likely to adopt energy efficiency measures. Although subsidiaries suffer pressures due to agency theory factors, they may also benefit from knowledge transfers from their parent enterprises. Most of the decisions and barriers considered by enterprises are not based on audits or the advice of energy management professionals, since more than 65% of the respondents have never performed an energy audit, and over 82% do not have an energy manager.
- How agents, resources and capabilities mediate the effect of corporate entrepreneurship on multinational firms' performancePublication . Ferreira, João; Fernandes, Cristina; Ortiz, Marta PerisThis study established a broad theoretical framework combining agency theory and resource and capacity theory. We sought evidence of these theories’ implications for corporate entrepreneurship (CE) and an understanding of how corporate entrepreneurship affects performance. To identify relationships between these theories and concepts, we designed a research model and tested it using data from a questionnaire to 114 multinational firms. Findings provide general support for this theory, indicating that CE is positively associated with principal management-based incentives and capabilities on performance.