A carregar...
Publicação
Financial performance in portuguese creative industries and macroeconomics fluctuations : a firm-based analysis (2004-2011)
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 1 MB | Adobe PDF |
Orientador(es)
Resumo(s)
O presente estudo investiga o desempenho financeiro das Indústrias Criativas portuguesas e o seu contribuito para o desenvolvimento global e local da economia bem como a criação de emprego. Após a apresentação e discussão da literatura relevante, foram testadas hipóteses empíricas com base nos microdados SCIE para o período de 2004-2011, abrangendo um elevado número de empresas durante este período (N=19.464).
Os resultados empíricos sugerem que o desempenho destas empresas estão relacionados com o contexto macroeconómico que, por sua vez, influencia tanto o aparecimento como a sobrevivência das mesmas. De facto, estas empresas desenvolvem as suas actividades nos períodos mais favoráveis, sendo que, em caso contrário tendem a diminuir as a suas actividades atingindo, por vezes, situações extremas (encerram). Para além dos efeitos do ciclo macroeconómico, o acesso ao financiamento também tem impacto no seu desempenho financeiro. Sendo a sua maioria microempresas, estas estão sujeitas a uma grande dependência financeira para desenvolver as suas atividades. Podemos também constatar que estas empresas têm um papel importante no crescimento da economia e na criação de emprego, justificando a atenção dos European policy makers e dos respectivos governos nacionais. Numa perspectiva regional, estas empresas tendem a concentrarem-se perto das grandes zonas urbanas (Área Metropolitana de Lisboa e Norte), beneficiando das economias urbanizadas.
The present study assesses the financial performance of the Portuguese Creative Industries and their contribution to the development of the global and local economy and job creation. After the presentation and discussions of the significant literature, the empirical hypothesis were tested based on SCIE microdata for the period of 2004-2011 which covers a large number of firms during this period (N=19,464). The empirical results suggest that the performance of the firms that belongs to the Cultural and Creative Industries are allied to the macroeconomic context which influences their appearance as well the firm?s survival. Indeed, these firms tend to develop their activities on favorable periods, otherwise they slow down and in extreme cases they declared the end of their activities (death). Besides of the effects of the business cycle, the access to finance also impact the financial performance of these firms. As being mostly micro-enterprises these firms are subject to financial dependence to develop their activities. We also found that Portuguese Cultural and Creative Industries has an important role on the economy growth and job creation, which justifies the European policy makers and national governments attention. In a regional perspective, the firms of Cultural and Creative Industries have a clear tendency to locate near to the large urban zones (Lisbon Metropolitan Area and North) benefiting from the urbanized economies.
The present study assesses the financial performance of the Portuguese Creative Industries and their contribution to the development of the global and local economy and job creation. After the presentation and discussions of the significant literature, the empirical hypothesis were tested based on SCIE microdata for the period of 2004-2011 which covers a large number of firms during this period (N=19,464). The empirical results suggest that the performance of the firms that belongs to the Cultural and Creative Industries are allied to the macroeconomic context which influences their appearance as well the firm?s survival. Indeed, these firms tend to develop their activities on favorable periods, otherwise they slow down and in extreme cases they declared the end of their activities (death). Besides of the effects of the business cycle, the access to finance also impact the financial performance of these firms. As being mostly micro-enterprises these firms are subject to financial dependence to develop their activities. We also found that Portuguese Cultural and Creative Industries has an important role on the economy growth and job creation, which justifies the European policy makers and national governments attention. In a regional perspective, the firms of Cultural and Creative Industries have a clear tendency to locate near to the large urban zones (Lisbon Metropolitan Area and North) benefiting from the urbanized economies.
Descrição
Mestrado em Finanças
Palavras-chave
Indústrias Culturais e Criativas Contexto Macroeconómico Análise de Sobrevivência Subsídios Governamentais Desempenho Financeiro Cultural and Creative Industries Macroeconomic Context Survival Analysis Government Subsidies Financial Performance
Contexto Educativo
Citação
Fialho, Mariana Serras Celorico da Silva (2015). "Financial performance in portuguese creative industries and macroeconomics fluctuations : a firm-based analysis (2004-2011)". Dissertação de Mestrado, Universidade de Lisboa. Instituto Superior de Economia e Gestão.
Editora
Instituto Superior de Economia e Gestão