Growth and Profitability in Portuguese Companies: a Dynamic Panel Data Approach

Zelia Serrasqueiro ()

The AMFITEATRU ECONOMIC journal, 2009, vol. 11, issue 26, pages 565-573

Abstract: In this article, using dynamic panel estimators, we test empirically the relationship between the growth of Portuguese companies and their profitability. The empirical evidence obtained indicates that growth in Portuguese companies means increased profitability. Growth in Portuguese companies is a catalysing factor of profitability, with the motivational effect on employees, given the expectation of greater gains in the future, being more relevant than the possible negative effects of growth on profitability, as a consequence of the need for new more formal labour relations in companies.

Keywords: company growth; dynamic estimators; profitability (search for similar items in EconPapers)
JEL-codes: D21 G32 L25 (search for similar items in EconPapers)
Date: 2009
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Persistent link: http://EconPapers.repec.org/RePEc:aes:amfeco:v:11:y:2009:i:26:p:565-574

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