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Abstract(s)
É percetível que as Pequenas e Médias Empresas representam, em 2020, 99,9% das empresas em Portugal, segundo a base de dados Pordata, sendo que desta percentagem, cerca de 96% representam microempresas, 3,3% pequenas empresas e os restantes 0,6% médias entidades. Assim sendo, torna-se essencial o estudo destas mesmas entidades, uma vez que mostram ter um papel crucial para a economia portuguesa; além disso, o estágio realizado está inteiramente ligado a este tipo de entidades.
Embora o presente relatório seja um relatório de estágio curricular na entidade Macro Consulting e no âmbito do Mestrado em Finanças Empresariais, a verdade é que teve um objetivo adicional que passou pelo estudo e análise da forma como são estruturadas as empresas a nível de capitais e ainda da forma como isso influência a performance financeira das empresas que formam a carteira de clientes da Macro Consulting.
Na verdade, com esse trabalho suplementar ao relatório de estágio propriamente dito, pretende-se investigar a importância da estrutura de capitais das empresas, entre 2014 e 2020, tendo em vista a relação entre a realidade e as teorias explicativas do seu papel. O que se visa, concretamente, com este estudo adicional é conhecer a forma como as diversas determinantes influenciam a estrutura de capitais das entidades, por forma a perceber também qual o nível ótimo de endividamento das empresas em causa. Em suma, pretende-se alargar, possivelmente, a área de atuação da firma, proporcionando valor acrescentado à mesma com a realização deste estágio e deste projeto-extra.
It’s perceptible that the Small and Medium-sized enterprises represent, in 2020, 99,9% of the Portuguese enterprises, according to the Pordata database, being that of this percentage, around 96% represent microenterprises, 3,3% small enterprises and the rest 0,6% medium entities. Thus, becomes essential the study of these entities, as they prove to have a crucial role for the Portuguese economy; moreover, the concluded internship is intrinsically connected with these types of entities. Although the present report is a curricular internship report at the Macro Consulting entity and within the scope of the master’s in business finance, the truth is that it had an additional goal that went through the study and analysis of the way enterprises are structured in terms of capital and how this influences the financial performance of the companies that form the Macro Consulting's client portfolio. In fact, with that supplementary work to the internship report itself, it intends to investigate the importance of the companies’ financial structures, between 2014 and 2020, having in consideration the relationship between what happens in real life and the theorical explanations of its role. What is specifically aimed with this additional study is to know the way in which the various determinants influence the structure of the entities’ capital, in order to also understand the optimal level of indebtedness of the enterprises in question. In short, it is intended to expand, possibly, the firm’s area of activity, providing an additional value to it with the completion of this internship and extra project.
It’s perceptible that the Small and Medium-sized enterprises represent, in 2020, 99,9% of the Portuguese enterprises, according to the Pordata database, being that of this percentage, around 96% represent microenterprises, 3,3% small enterprises and the rest 0,6% medium entities. Thus, becomes essential the study of these entities, as they prove to have a crucial role for the Portuguese economy; moreover, the concluded internship is intrinsically connected with these types of entities. Although the present report is a curricular internship report at the Macro Consulting entity and within the scope of the master’s in business finance, the truth is that it had an additional goal that went through the study and analysis of the way enterprises are structured in terms of capital and how this influences the financial performance of the companies that form the Macro Consulting's client portfolio. In fact, with that supplementary work to the internship report itself, it intends to investigate the importance of the companies’ financial structures, between 2014 and 2020, having in consideration the relationship between what happens in real life and the theorical explanations of its role. What is specifically aimed with this additional study is to know the way in which the various determinants influence the structure of the entities’ capital, in order to also understand the optimal level of indebtedness of the enterprises in question. In short, it is intended to expand, possibly, the firm’s area of activity, providing an additional value to it with the completion of this internship and extra project.
Description
Keywords
Performance económico-financeira Estrutura de capitais Nível ótimo de endividamento Macro Consulting Economic-financial performance Capital structure Optimal level of indebtedness