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Abstract(s)
Iniciativas sustentáveis criaram desafios e oportunidades para as empresas. A compreensão da
relação entre o financiamento publico e o impacto dessas iniciativas no desempenho financeiro
das empresas é essencial para o avanço teórico e prático nesse campo. Embora a literatura sobre
financiamento público para a Economia Circular (EC) tenha aumentado significativamente nos
últimos anos, os estudos que abordam o impacto desse financiamento no desempenho
financeiro das empresas em Portugal, ainda são limitados. Este estudo centra-se nas empresas
privadas portuguesas que receberam apoio através do programa Portugal 2020, comparando o
desempenho financeiro de empresas financiadas para práticas circulares com aquelas
financiadas em outras áreas, utilizando análises descritivas, comparativas e de clusters. Embora
não se tenham sido identificadas relações lineares robustas entre os indicadores financeiros e a
presença de financiamento em EC, os resultados sugerem que, a curto prazo, as empresas
apoiadas em EC demonstram maior estabilidade financeira e predisposição para estratégias
como exportação e inovação, sendo empresas geralmente mais maduras. Conclui-se que, no
curto prazo, as empresas que adotam práticas circulares mantêm uma trajetória de estabilidade
e crescimento. A análise bibliométrica sublinha a necessidade de investigações contínuas, dada
a relevância crescente do tema e a escassez de estudos empíricos sobre o impacto financeiro da
EC. Os resultados oferecem implicações relevantes para a formulação de políticas públicas e
estratégias empresariais que promovam a sustentabilidade no contexto empresarial português.
Sustainable initiatives have posed both challenges and opportunities for companies. Understanding the relationship between public funding for these initiatives and its impact on companies' financial performance is essential for advancing both theory and practice in this area. Although the literature on public funding for the Circular Economy (CE) has grown significantly in recent years, studies examining the impact of such funding on the financial performance of companies in Portugal remain limited. This study focuses on private companies in Portugal that received support through the Portugal 2020 program, comparing the financial performance of companies funded for circular practices with those funded in other areas, using descriptive, comparative, and cluster analyses. While no strong linear relationships were identified between financial indicators and the presence of CE funding, the results suggest that, in the short term, companies supported by CE initiatives exhibit greater financial stability and a greater openness to strategies such as export and innovation, typically being more mature firms. The study concludes that, in the short term, companies adopting circular practices maintain a trajectory of financial stability. The bibliometric analysis highlights the need for ongoing research on this topic, given its growing relevance and the scarcity of empirical studies exploring the financial impact of CE. These findings offer significant implications for public policy formulation and business strategies that promote sustainability within the Portuguese business sector
Sustainable initiatives have posed both challenges and opportunities for companies. Understanding the relationship between public funding for these initiatives and its impact on companies' financial performance is essential for advancing both theory and practice in this area. Although the literature on public funding for the Circular Economy (CE) has grown significantly in recent years, studies examining the impact of such funding on the financial performance of companies in Portugal remain limited. This study focuses on private companies in Portugal that received support through the Portugal 2020 program, comparing the financial performance of companies funded for circular practices with those funded in other areas, using descriptive, comparative, and cluster analyses. While no strong linear relationships were identified between financial indicators and the presence of CE funding, the results suggest that, in the short term, companies supported by CE initiatives exhibit greater financial stability and a greater openness to strategies such as export and innovation, typically being more mature firms. The study concludes that, in the short term, companies adopting circular practices maintain a trajectory of financial stability. The bibliometric analysis highlights the need for ongoing research on this topic, given its growing relevance and the scarcity of empirical studies exploring the financial impact of CE. These findings offer significant implications for public policy formulation and business strategies that promote sustainability within the Portuguese business sector
Description
Keywords
Economia Circular Financiamento Público Portugal2020 Sustentabilidade Rácios Financeiros
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