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This study aims to study the impact of earnings quality on firms’ financial performance.

An unbalanced panel data of 237 small- and medium-sized Portuguese companies from the mold industry, using 2010–2018 yearly data was analyzed. While most studies focus only on earnings management when assessing earnings quality, in this study six proxies for earnings quality are used, namely, accruals quality (a proxy for earnings management), earnings persistence, earnings predictability, earnings smoothness, earnings timeliness and earnings conservatism. Moreover, two proxies of financial performance are considered, the return on assets and the economic value added. An econometric model was estimated using either a fixed-effects or a random-effects specification to account for the individual firm-specific effects and ensure heteroscedasticity corrected estimates.

The results show that managers must be concerned with the quality of reported earnings, as it can affect positively firms’ financial performance, especially regarding accruals quality. Persistence, predictability, smoothness, timeliness and conservatism are shown not to exert significant influence on financial performance in the sample.

This work contributes not only as a literature review on these thematic but also to firms’ managers and stakeholders, who have information that helps them select strategies that guarantee earnings quality and improve firms’ financial performance.

This study proposed an econometric model that studies the relationship between earnings quality (using several proxies for it) and financial performance that can be applied to all companies.

The purpose of this paper is to study the impact of the evolution of consumption patterns associated with ageing on the relative importance of industries in Portugal, quantifying the changes in production, value added, imported intermediate inputs and employment.

This paper uses data from the Family Spending Survey to disaggregate the household column of the Portuguese input‐output table in different age groups, projecting their consumption, using the latest demographic projections made by Statistics Portugal (INE).

The study identifies the industries that are likely to be stimulated by the ageing of the Portuguese populations, as well as the industries that will most likely become disadvantaged by the process.

The task of identification of growing and declining industries due to ageing is important to help the design of employment, environmental and social policies.

The contemporary demographic trends in Western societies have added to the importance of studying the economic and social consequences of ageing. The main issues have been the labour market effects, the sustainability of social security systems and long‐term care. In this paper, we address a different research topic, quantifying the sectoral impact of the evolution of consumption patterns associated with ageing. This can be useful in addressing the structural challenges of the rapid ageing of the population, common to most of the developed economies.

This paper aims to study the default risk of small and medium-sized enterprises in the construction sector.

An unbalanced sample of 2,754 Portuguese companies from the construction sector, from 2008 to 2020, is analysed. Companies are classified in default or compliant following an ex-ante criterion. Then, using the stepwise analysis, the most relevant variables are selected, which are later used in the logit model. To verify the robustness of the results, a sample of legally insolvent companies is added (mixed criterion) and the initial sample is split into two subperiods.

Financial variables are the most relevant to predict the pattern for this sample. The main conclusions show that smaller and older companies, more indebted, with more liquidity and with higher EBIT have a higher probability of default. These conclusions are confirmed using a mixed criterion to classify companies as default or compliant and including a macroeconomic dummy.

This work not only contributes to enlarging the literature review but also makes relevant contributions to practice. Companies from the construction sector can understand which indicators must control to avoid financial problems. The government also has relevant information that can help in adapting or creating regulations for recovering or revitalizing companies.

This study proposed an ex-ante criterion that can be used for all types of companies. Most works use a legal or a mixed criterion that does not allow for detecting signs of financial problems in advance. Moreover, the sample used is almost unexplored – SMEs from a sector with great mortality rate.

This paper aims to analyze the determinants of Portuguese energy companies' performance.

To achieve our objective, we have used data from 457 Portuguese energy companies, in the period between 2011 and 2018. Three dependent variables were tested using panel data, through the generalized method of moments (GMM) estimation method.

The results point out that the determinants of companies' performance change according to how different stakeholders appreciate corporate performance. In general, shareholders are concerned with maintaining their levels of profitability over time as well as with the company's market image. Managers are centered on maintaining solid margins on EBITDA through good management of cash flow, leverage and current assets. For the rest of the stakeholders, including global society, debt and investments in tangible fixed assets reduce profitability while investments in immaterial assets help to create value and performance for energy companies.

As far as the authors are aware, this is the first time that a study has been carried out in the Portuguese energy sector using the GMM-system model for three different stakeholders' views of corporate performance determinants.

The main objective of this study is the application of portfolio analysis, as an instrument of decision‐making support, to the selection of priority market segments for Portugal. The results obtained validate the use of competitiveness and attractiveness as tools for the selection and management of generating markets for a tourist destination. The selection of factors to calculate the values of competitiveness and attractiveness was based on a review of the literature on destination competitiveness, portfolio models in general and studies applied to tourist destinations. The relative importance of the factors was determined after consultation with a panel of experts. Cronbach’s alpha test was used to verify the scale reliability. Tourist arrivals, tourists stays, foreign exchange revenue and bednights in hotel units were used as performance indicators of generating countries. Correlation and multiple linear regression analysis were used to study the relation between attractiveness and competitiveness and performance.

The aim of this paper is to offer new empirical evidence for Spain about the transition into self‐employment or paid employment of potential entrants to the labor market and their duration in both segments of the market.

The econometric methodology consists of estimating discrete‐choice models and survival models, controlling for personal characteristics, job characteristics, and unobserved heterogeneity.

One of the main results of this paper is that the immigrants are a disadvantaged group with regard to entry into self‐employment as a first job. Moreover, once they enter self‐employment, they are more likely than native Spaniards to exit from it.

The results obtained in this paper are of interest to policy makers seeking to design economic policies that promote the assimilation of immigrants into the Spanish labor market.

The topic discussed in this paper and the distinction made by the workers according to nationality is unknown in economic literature in Spain.

The purpose of this study is to describe the evaluation of a training programme in a Portuguese family’s small and medium enterprise (SME) in the cosmetics industry. This study addresses the four levels of the Kirkpatrick Model and estimates the return on investment (ROI) of a training programme in sales.

The study follows a case design to address the analysis of the training outcomes. This study uses data from 53 employees and explore the programme’s results.

This study provides evidence on the reactions of the trainees to the programme; the learning which results from it; and on the changes in trainees’ behaviours and the consequent results. This study also estimates the ROI of the programme; it is 5.55.

The limitations to this study may be the use of data from a single training programme.

The research results offer managers some critical information in terms of future options in resource allocation. Training managers become more informed in making future choices on where to invest in training programmes.

The originality of the study regards the ROI estimation for an SME’s sales training programme. SMEs are not often addressed in the training evaluation literature. Because SMEs have limited organisational resources, and they do not invest much in training. Further, this estimation requires data gathering and reporting that is not commonly done, even for large firms.

Since the dawn of the civilizations that olive has been playing a critical role on both the society and the economy. Indeed, one can argue that olive and olive oil were as critical as they shaped a form of culture, a seminal pillar that supported the Mediterranean civilizations and that has since then spread worldwide, influencing others. As waves and tides, the use of olive and olive oil has certainly met low points, to the extent that its use even became to be considered old fashioned more recently, when the traditional Mediterranean food and culture started to be jeopardized by very different modern ways of living. Nevertheless, despite defying challenging conditions, stubbornly as always, the Mediterranean diet not only continues to prevail, but keeps granting the admiration of diverse strands of the society and science, being notoriously evident the set of recent research that points to its health benefits, having olive oil as the cornerstone, a vegetable fat, considered to be highly healthy, as it enhances the control of important health indicators, such as the bad cholesterol, serving for nutritional and therapeutic uses, and preventing the occurrence of a number of diseases, including cardiovascular problems and some forms of cancer.

Taking into consideration this framework, the research presented in this book is focused on the examination of the main trends on olive and olive oil in the Iberian Peninsula, from production to retail and consumption, by analyzing several data sets covering recent decades. In terms of findings for more recent years, it was possible to conclude that despite the increasing recognition of the benefits of olive and olive oil by the society, and despite the increase in olive production, the consumption of olive oil has been decreasing internally, being replaced by increases in exports. This is most probably due to the economic conditions that have deteriorated due to the 2008’s financial crisis, which, together with an increase in olive oil prices, has prevented a considerable portion of the population to have financial conditions to access to the consumption of such an important component of the Mediterranean diet.

This paper aims to study the influence of the binder saturation level on the accuracy and on the mechanical properties of three-dimensional (3D)-printed scaffolds for bone tissue engineering.

To study the influence of the liquid binder volume on the models accuracy, two quality test plates with different macropore sizes were designed and produced. For the mechanical and physical characterisation, cylindrical specimens were used. The models were printed using a calcium phosphate powder, which was characterised in terms of composition, particle size and morphology, by X-ray diffraction (XRD), laser diffraction and Scanning electron microscopy (SEM) analysis. The sample’s physical characterisation was made using the Archimedes method (porosity), SEM, micro-computer tomography (CT) and digital scan techniques, while the mechanical characterisation was performed by means of uniaxial compressive tests. Strength distribution was analysed using a statistical Weibull approach, and the dependence of the compressive strength on the porosity was discussed.

The saturation level is determinant for the structural characteristics, accuracy and strength the models produced by three-dimensional printing (3DP). Samples printed with the highest saturation showed higher compressive strengths (24 MPa), which are over the human trabecular bone. The models printed with lower saturations presented the highest accuracy and pore interconnectivity.

This study allowed to acquire important knowledge concerning the effects of shell/core saturation on the overall performance of the 3DP. With this information it is possible to devise scaffolds with the required properties for bone scaffold engineering.

Recent developments in Portuguese libraries are described with special attention to the application of new information technologies. The obvious modernisation largely described in the LIB‐2 update study has been mainly due to the automation of the National Library and the creation of the Online Union Catalogue. Main aspects and stages of this process which revolutionised Portuguese libraries are therefore emphasised.