| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 760.98 KB | Adobe PDF |
Authors
Advisor(s)
Abstract(s)
O investimento direto estrangeiro consiste no investimento realizado numa outra empresa de um país estrangeiro com uma percentagem mínima de 10%. O fluxo financeiro que entra num país através de investimento direto estrangeiro é expectável que desencadeie crescimento económico, e como tal, tornou-se um ponto de partida importante para este estudo, no caso das empresas portuguesas.
O presente estudo tem o objetivo de analisar o impacto do investimento direto estrangeiro nas empresas que o recebem. Para tal, recorreu-se a uma metodologia quantitativa de regressões de dados em painel dinâmicos. O propósito do estudo empírico focou-se em testar o impacto do investimento direto estrangeiro, sobre a rentabilidade das empresas recetoras (variáveis dependentes). O estudo foi conduzido para o caso português para os períodos entre 2011 e 2017, no setor da indústria transformadora.
Os resultados sugerem que, a participação estrangeira tem impacto positivo no desempenho financeiro das empresas portuguesas no que se refere à rentabilidade do ativo e rentabilidade do capital próprio. Na rentabilidade das vendas não foi possível encontrar evidências de tal influência.
The foreign direct investment consists of the investment in another company from a foreign country with a minimum percentage of 10%. The financial flow that enters a country through foreign direct investment is expected to trigger economic growth, and as such has become an important starting point for this study in the case of portuguese companies. This study aims to analyze the impact of foreign direct investment on the companies that receive it. To this end, a quantitative methodology of dynamic panel data regressions was used. The purpose of the empirical study was to test the impact of foreign direct investment on the profitability of the receiving firms (dependent variables). The study was conducted for the portuguese case for the periods between 2011 and 2017, in the manufacturing sector. The results suggest that foreign participation has a positive impact on the financial performance of portuguese companies in terms of asset profitability and return on equity. No evidence of such influence could be found on the profitability of sales.
The foreign direct investment consists of the investment in another company from a foreign country with a minimum percentage of 10%. The financial flow that enters a country through foreign direct investment is expected to trigger economic growth, and as such has become an important starting point for this study in the case of portuguese companies. This study aims to analyze the impact of foreign direct investment on the companies that receive it. To this end, a quantitative methodology of dynamic panel data regressions was used. The purpose of the empirical study was to test the impact of foreign direct investment on the profitability of the receiving firms (dependent variables). The study was conducted for the portuguese case for the periods between 2011 and 2017, in the manufacturing sector. The results suggest that foreign participation has a positive impact on the financial performance of portuguese companies in terms of asset profitability and return on equity. No evidence of such influence could be found on the profitability of sales.
Description
Keywords
Investimento direto estrangeiro Rentabilidade Indicadores de desempenho Indústria transformadora Foreign direct investment Manufacturing industry Profitability Performance indicators