Investment determinants at the firm-level: The case of Portuguese industrial SMEs

dc.contributor.authorPacheco, Luís Miguel
dc.date.accessioned2018-02-20T22:05:25Z
dc.date.available2018-02-20T22:05:25Z
dc.date.issued2017-12-31
dc.description.abstractThe objective of this paper is to empirically determine the investment determinants at the firm level. Many empirical papers studied the investment determinants from a macroeconomic point of view but the analysis of the main investment determinants from an internal point of view has been less studied. This paper fills that gap, particularly for the case of Portugal, focusing on industrial SMEs. Using a panel data methodology and considering an unbalanced sample of 2456 Portuguese manufacturing SMEs for the period 2011-2015 our results indicate that SMEs with higher profitability, debt and liquidity and of smaller size tend to present higher levels of investment. This exploratory paper gives a contribution to clarify which are the main internal determinants of firms’ investment, which is an important issue not only for managers but for all the stakeholders, particularly the policymakers.pt_PT
dc.identifier.citationPacheco, L. M. (2017). Investment determinants at the firm-level: The case of Portuguese industrial SMEs. International Journal of Business Science and Applied Management, 12(2), 1-17. Disponível no Repositório UPT, http://hdl.handle.net/11328/2097pt_PT
dc.identifier.issn1753-0296
dc.identifier.urihttp://hdl.handle.net/11328/2097
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.relation.publisherversionhttp://www.business-and-management.org/paper.php?id=125pt_PT
dc.rightsopen accesspt_PT
dc.titleInvestment determinants at the firm-level: The case of Portuguese industrial SMEspt_PT
dc.typejournal articlept_PT
degois.publication.firstPage1pt_PT
degois.publication.issue1pt_PT
degois.publication.lastPage17pt_PT
degois.publication.titleInternational Journal of Business Science and Applied Managementpt_PT
degois.publication.volume12pt_PT
dspace.entity.typePublicationen
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