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Why businesses Ssucceed: financial and non-financial determinants
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Orientador(es)
Resumo(s)
Micro, small and medium enterprises correspond to 99.9% of non-financial firms in Portugal.
These ventures suffer severely from internal and external factors that difficult their maintenance
in the market. Matching data from Orbis and Quadros de Pessoal, the current paper studies
how financial and non-financial dimensions contribute to the success of a business. Following
a logistic regression approach, the designed prediction model precisely forecasts 95.65% and
77.61% of companies failing within one and five years after inception, respectively. It is also
able to describe 72.14% of successful firms. The results uncover important insights for different
stakeholders in the economy.
Descrição
Palavras-chave
Smes Prediction model Non-financial determinants Logistic regression