金融结构对出口强度和多样化的影响:以葡萄牙工业企业为例

Q3 Business, Management and Accounting

International Journal of Globalisation and Small Business Pub Date : 2017-12-01 DOI:10.1504/IJGSB.2017.10011016

L. Pacheco

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引用次数: 11

摘要

本文的目的是实证检验一组金融变量与出口绩效之间的关系。尽管许多实证论文研究了金融结构对企业绩效的影响，但对其对企业出口绩效的影响研究较少。我们论文的主要目标是填补这一空白，特别是在葡萄牙的情况下，重点关注中小型企业，这些企业的代理问题和资源缺乏可能会对出口业绩产生更大影响。使用面板数据方法，并考虑2011-2014年期间3164家葡萄牙制造业中小企业的样本，我们的结果表明，债务较少、盈利能力较高、规模较大的中小企业往往表现出更高的出口强度和多样化。这篇探索性的论文有助于澄清出口导向型企业的主要财务决定因素，这不仅是管理者的重要问题，也是所有利益相关者，特别是决策者和企业的重要问题。。。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Financial structure effects on export intensity and diversification: the case of Portuguese industrial firms

The objective of this paper is to empirically examine the relationship between a set of financial variables and export performance. Although many empirical papers studied the impact of financial structure on firms' performance its effect on firms' export performance has been less studied. The primary objective of our paper is to fill that gap, particularly for the case of Portugal, focusing on small and medium enterprises (SMEs), where agency problems and lack of resources could impact more on export performance. Using a panel data methodology and considering a sample of 3164 Portuguese manufacturing SMEs for the period 2011-2014 our results indicate that SMEs with less debt, higher profitability and of greater size tend to present higher export intensity and diversification. This exploratory paper gives a contribution to clarify which are the main financial determinants of an export-oriented firm, which is an important issue not only for managers but for all the stakeholders, particularly policy makers a...

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来源期刊

International Journal of Globalisation and Small Business Decision Sciences-Information Systems and Management

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The goal of the IJGSB is to explore the opportunities and threats of globalisation for small businesses as well as small businesses" strategic options in an increasingly global world. Dramatic changes in contemporary society and the economy have impacts on small businesses. The changing environment negatively influences the development and survival of smaller organisations in some areas and creates new opportunities for small businesses in others. Small firms" managers increasingly have to cope with global as well as local competitive dimensions. Research in this broad field thus is highly relevant.