Rentabilidade vs. Propriedade e Gestão Familiar: o caso das empresas portuguesas do sector do vinho

dc.contributor.authorPacheco, Luís Miguel
dc.date.accessioned2019-05-30T16:02:30Z
dc.date.available2019-05-30T16:02:30Z
dc.date.issued2018-09
dc.description.abstractThe objective of this paper is to empirically examine the relationship between firms’ ownership and control structure and their financial performance. The relation between performance and ownership and control structure in the context of family firms (FF) is a less studied topic. The paper is focused on the Portuguese wine firms due to their increasing importance in the Portuguese economy and in the promotion of the country’s exports and image abroad. It is used an unbalanced panel data of 117 firms for the period from 2011 to 2016 and applied a random effects model. The degree of family involvement shows a U-shaped relationship with performance, meaning that those firms where the family does not hold the majority in the board should be open to receive external managers with greater knowledge and experience and increase their internal competencies in order to enhance performance. However, the same is not true when the family has already a majority position in the board. At the light of the agency and stewardship theories, this paper extends the literature performing an application to a less studied sector and country.pt_PT
dc.identifier.citationPacheco, Luís (2018), Rentabilidade vs. Propriedade e Gestão Familiar: o caso das empresas portuguesas do sector do vinho, In Marques, A.P. (Org.) Roadmap para Empresas Familiares: Mapeamento, Profissionalização e Inovação. Braga: Centro Interdisciplinar de Ciências Sociais (CICS.NOVA-UMinho) pp. 228-247. DOI: https://doi.org/10.21814/1822.56256. Disponível no Repositório UPT, http://hdl.handle.net/11328/2718pt_PT
dc.identifier.urihttp://hdl.handle.net/11328/2718
dc.language.isoporpt_PT
dc.peerreviewedyespt_PT
dc.publisherCentro Interdisciplinar de Ciências Sociais - CICS.NOVA – Polo da Universidade do Minho (CICS-UMinho)pt_PT
dc.rightsopen accesspt_PT
dc.subjectOwnership structurept_PT
dc.subjectFinancial performancept_PT
dc.subjectFamily firmspt_PT
dc.subjectAgency theorypt_PT
dc.subjectStewardship theorypt_PT
dc.subjectWine industrypt_PT
dc.titleRentabilidade vs. Propriedade e Gestão Familiar: o caso das empresas portuguesas do sector do vinhopt_PT
dc.typebook partpt_PT
degois.publication.firstPage228pt_PT
degois.publication.lastPage247pt_PT
dspace.entity.typePublicationen
person.familyNamePacheco
person.givenNameLuís Miguel
person.identifier.ciencia-idBF16-0EF2-107B
person.identifier.orcid0000-0002-9066-6441
person.identifier.ridE-5193-2010
person.identifier.scopus-author-id55945343700
relation.isAuthorOfPublicationa25aba90-4787-45a8-b908-646f24b32dfc
relation.isAuthorOfPublication.latestForDiscoverya25aba90-4787-45a8-b908-646f24b32dfc

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