التفاصيل البيبلوغرافية
| العنوان: |
Portuguese car trading companies: which performance factors matter? |
| المؤلفون: |
Elisabete Neves, Maria, Moreira, Joel |
| المصدر: |
International Conference on Applied Business & Management; Jun2024, p484-502, 19p |
| مصطلحات موضوعية: |
AUTOMOBILE marketing, GENERALIZED method of moments, ORGANIZATIONAL performance, AUTOMOBILE industry, GROSS domestic product, MACROECONOMICS, TRADING companies, PANEL analysis |
| مصطلحات جغرافية: |
PORTUGAL |
| مستخلص: |
Purpose This article aims to analyze the determinants of the performance of Portuguese companies in the light vehicle trade, through specific characteristics, corporate governance, and macroeconomic conditions Methodology: To achieve this aim, 2.304 Portuguese companies were analyzed, for the period 2015 – 2021, using the panel data methodology, specifically the Generalized Method of Moments (GMM system) estimation method Results: The results suggest that performance factors depend to some extent on the perception of different stakeholders. It is a sector very dependent on the macroeconomic conditions of the country, with difficulties in treasury management and highly indebted where it is the larger companies that can best take advantage of economies of scale to achieve better levels of performance. The results also admit that the levels of ownership concentration are relevant in explaining performance and that on the one hand managers need supervision to align their interests with those of the shareholder creating business value; on the other hand, from the perspective of the shareholder with an interest in ROE, as concentration increases, asymmetric information is greater and the abuse of shareholder power also grows, decreasing the company's performance levels. Finally, the results suggest that the social concerns of this sector are still sparse Originality: This work is original and can contribute to various stakeholders in that as far as we know it is the first to treat this specific sector with high representativeness in the economy considering three types of variables; business-specific, governance, and macroeconomic [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Complementary Index |
