Profitability in Portuguese service industries: a panel data approach

Determinants of Profitability: Evidence from Real Sector Firms Listed in Borsa Istanbul

“…These results regarding size variable mean that the firms having more assets can diminish their costs and increase their profitability level owing to the scale economies idea. Generally, our results in terms of size are similar to those of Majumdar (1997) for India; Pervan and Mlikota (2013) for Croatia; Nunes and Serrasqueiro (2015) and Nunes et al (2009) for Portugal, Yazdanfar (2013) for Sweden, Andres (2008) for Germany, and Asimakopoulo et al (2009) for Greece. However, these results contradict those of Goddard et al (2005) for Belgium, Spain, Italy, France, and the UK, Močnik and Širec (2015) for Slovenia, Hunjra et al (2014) for Pakistan, and Saito (2008) for Japan.…”

“…According to previous studies such as Greiner (1972), Nunes et al (2009), andPattitoni et al (2014), impact of growth opportunities on profitability could be ambiguous. In other words, growth opportunities may help heighten the motivation of employees and, therefore, profitability of firm.…”

“…What determines the profitability of 75 firms in the service sector in Portugal during the period from 1999 to 2003 is studied by Nunes et al (2009). They try to estimate the association between profitability and its determinants with both dynamic and static panel models.…”

Determinants of Profitability: Evidence from Industrial Companies Listed on Muscat Securities Market

“…He concluded that liquidity, age of the firm, operating ratio, interest rate and inflation are important determinants of profitability for the Indian cement industry. In addition, Nunes, Serrasqueiro and Sequeira (2009) examined the profitability of the Portuguese service industry. They found a positive relationship between size, growth and profitability.…”

“…For instance, Hurdle (1974), McDonald (1999), Stierwald (2010), Yazdnafar (2013) among others, examined the effect of lagged profits on current profits. On the other hand, the impact of the size of the firm on profitability was tested by Bain (1951), Hall and Weiss (1967), Keith (1998), Feeny (2000), Nunes, Serrasqueiro, and Sequeira (2009), Stierwald (2010), Yazdnafar (2013), Pratheepan (2014), Zaid, Ibrahim, and Zulqernain (2014), among others. In addition, the influence of working capital management on profitability was explored by Grinyer and McKiernan (1991), Goddard, Tavakoli, and Wilson (2005), Chowdhury and Amin (2007), Dong and Su (2010), Alipour (2011), Charumathi (2012, Mistry (2012), among others.…”