Publication
Growth determinants: empirical evidence from surviving and non-surviving SMEs in Portugal
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | por |
| dc.contributor.advisor | Nunes, Paulo Jorge Maçãs | |
| dc.contributor.author | Carvalho, Rodolfo Manuel Ferreira de | |
| dc.date.accessioned | 2018-09-03T15:23:45Z | |
| dc.date.available | 2018-09-03T15:23:45Z | |
| dc.date.issued | 2015-7-7 | |
| dc.date.submitted | 2015-6-1 | |
| dc.description.abstract | Based on two samples: 1) 1830 surviving SMEs; and 2) 406 non-surviving SMEs, this paper contributes to the literature on SME growth, checking the differences between the growth determinants of surviving SMEs and non-surviving SMEs. The multiple empirical evidence obtained allows us to conclude that there are significant differences in the relationships between determinants and growth in surviving and non-surviving SMEs: 1) Gibrat`s Law is rejected in the context of surviving SMEs, but it is not in that of non-surviving SMEs; 2) in surviving SMEs, age is a restrictive determinant of growth, with R&D expenditure, debt, government subsidies and labour productivity being determinants stimulating growth, whereas in non-surviving SMEs, R&D expenditure and debt are restrictive determinants of growth, but age, government subsidies and labour productivity are neither positive nor restrictive determinants of growth; and 3) cash flow is a positive determinant of growth in both surviving and non-surviving SMEs, but it is of greater importance for the growth of non-surviving SMEs than for that of surviving SMEs. The empirical evidence obtained allows us to make suggestions to SME owners/managers and political decision-makers. | eng |
| dc.identifier.tid | 201645165 | |
| dc.identifier.uri | http://hdl.handle.net/10400.6/6047 | |
| dc.language.iso | eng | por |
| dc.subject | Gibrat´S Law | por |
| dc.subject | Growth | por |
| dc.subject | Non-Surviving Smes | por |
| dc.subject | Panel Data | por |
| dc.subject | Surviving Smes | por |
| dc.title | Growth determinants: empirical evidence from surviving and non-surviving SMEs in Portugal | por |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | por |
| rcaap.type | masterThesis | por |
| thesis.degree.name | 2º Ciclo em Economia | por |
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