2023
DOI: 10.37741/t.71.1.2
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Firm-Specific Factors Influencing the Performance of Young Small and Micro-Sized Firms Located in Algarve

Abstract: The main objective of this paper is to study how firm-specific factors affect the financial performance of tourism-related young small and micro-sized firms located in Algarve, Portugal, that started their activity during the last years of the debt crisis of Europe. The sample included 106 Portuguese small and micro-sized firms in the hospitality sector, established between 2012-2014, which remain active in 2019 and financial data from 2015 to 2018 was analysed. Descriptive statistics, group statistics, correl… Show more

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“…Indicators of profitability that are frequently used in the hotel industry include return on assets (ROA), return on equity (ROE), and revenue per available room (RPR). Traditional measurements are crucial control tools for evaluating tourism from the hospitality performance perspective [33]. Effective use of human, structural, and rational capital can also contribute to high performance [34].…”
Section: Literature Review and Hypothesis Developmentmentioning
confidence: 99%
“…Indicators of profitability that are frequently used in the hotel industry include return on assets (ROA), return on equity (ROE), and revenue per available room (RPR). Traditional measurements are crucial control tools for evaluating tourism from the hospitality performance perspective [33]. Effective use of human, structural, and rational capital can also contribute to high performance [34].…”
Section: Literature Review and Hypothesis Developmentmentioning
confidence: 99%