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Repositório IC-Online

Institution's Scientific Repository

 

IC-Online, the Institutional Repository of Scientific Information of the Polytechnic of Leiria (IPLeiria), is part of the RCAAP Project (Open Access Scientific Repositories of Portugal). Its main objectives are to organise, preserve and disseminate the scientific production of the Polytechnic of Leiria (IPLeiria), helping to increase the visibility and impact of the institution's scientific publications.

The IC-Online Repository includes various types of digital documents, such as articles from national and international scientific journals, papers from congresses and conferences, master's dissertations and doctoral theses, among others.

Recent Submissions

Quitters from Hospitality Industry: Misfit or Just Looking for Better Conditions?
Publication . Lopes, Ana Sofia; Sargento, Ana
After the COVID-19 crisis, a considerable contraction emerged in the labor supply of the hospitality industry. This investigation aims to identify some factors that justify the intention behind an ex-worker in tourism changing their occupation. In particular, we investigate if the change is motivated by skill mismatches or by a willingness to find more stable and rewarding jobs. Several datasets were combined to obtain multilevel information on all the unemployed from the hospitality industry between September 2022 and August 2023. A probit model was used to estimate the intention to change occupation, considering different personal, regional and occupational characteristics. Our results demonstrate that, for overqualified individuals, the intention to change occupation is motivated by trying to find better conditions and not by the mismatch per se. In contrast, the underqualified are significantly affected by the mismatch, which make them more vulnerable. Generally, movers are significantly influenced by the odds of having higher job stability and better wages (especially higher overtime premium) and are more frequently younger and higher educated individuals. Therefore, employers and policymakers should promote better wages, job stability, training, and career progression opportunities to reduce turnover in the hospitality industry.
The Use of Social Networks as a Strategic Tool: The Case of Cuca Monga Discos and Its Presence on TikTok
Publication . Lobo, Rafaela; Martins, Susana; Carvalho, Milena; Abreu, António; Castro, Maria João; Santos, Eleonora; Branca, Ana
The increased presence of brands and organizations on digital social networks has led to the need to understand and characterize their strategies and engagement with the public. The present study is an exploratory-descriptive investigation based on a literature review and the analysis of alternative metrics with the general objective of knowing how the publisher Cuca Monga Discos used TikTok between 2019 and 2022. It is assumed that engagement and participation are essential for the cultural industry hence the importance of promoting an environment of interaction between actors on social networks. It is concluded that the publisher uses Tik Tok and interactivity strategies and that adopting strategies that actively encourage followers to interact more will be beneficial.
Determinants of default prediction of the tourism sector: the case of Portuguese SMEs
Publication . Lisboa, Inês; Costa, Magali; Vouga, Beatriz
This study intends to understand the determinants of default of tourism SMEs (Small and Medium Enterprises), i.e., which aspects impact the probability that the company will not comply with its financial obligations. For this purpose, a panel data composed from a sample of 3,945 Portuguese SMEs, over ten years, was analysed. An ex-ante criterion (based on a set of financial ratios) was used to classify firms in default or compliant. This criterion helps to detect financial problems early. Then, in addition to the firm’s specific characteristics, which are the most used determinants, governance variables and macroeconomic factors were analysed in the firm's default prediction logit model. Results prove that the three groups of determinants are relevant to explain firms’ financial difficulties probability. The proposed model presents a success rate (predictive ability to classify as compliant and default) of around 80%. Furthermore, as a test of the robustness of the results, the sample period was divided into two subperiods (2010 to 2014 and 2015 to 2019) with different investment rates in the sector, allowing the conclusion that what determines the default of SMEs in the Portuguese tourism sector depends on the period analysed.
The Impact of Family Control on Capital Structure on Emerging Economies
Publication . Lisboa, Inês; Costa, Magali; Burgos, Lisbeth
This work aims to understand the impact of family control on firms’ capital structure in emerging markets. Multinational firms from Latin American countries are analyzed from 2011 to 2021, using dynamic models. The results show that family firms are singular compared to non-family ones. Family control positively impacts total and long-term debt. Moreover, corporate governance variables are also relevant to explain capital structure. Women’s presence on the board of directors contributes to decrease firms’ indebtedness. Firms’ specific characteristics are also relevant in explaining debt choices. Finally, macroeconomic factors impact the firms’ capital structure differently than developed countries.
Which determinants explain municipalities' debt? The case of portuguese municipalities from 2014 to 2017
Publication . Lisboa, Inês Margarida Cadima; Carvalho, Alexandra Cristina Pinheiro
Objective: Municipality sustainability is crucial for promoting the country's wealth and the citizens' well-being. Therefore, understanding municipalities' indebtedness is relevant to avoid situations of severe financial constraints. This work aims to understand the determinants that explain Portuguese municipalities' debt levels (both total and excess of debt), after the introduction of the Regime Financeiro das Autarquias Locais e Entidades Intermunicipais (RFALEI) published in 2013 (Law no. 73/2013). Theoretical Framework: In this work, the indebtedness of Portuguese municipalities is studied, from the perspective of net debt and excess indebtedness in order to give a broader picture of this topic and to be able to characterize the main determinants that explain debt in Portuguese municipalities. Method: Municipalities' debt is measured using not only the net debt ratio (as most of the works) but also the excess of municipalities' indebtedness. Institutional, political, and financial-economic variables are analyzed to explain debt using a linear regression model with fixed effects. The sample includes all Portuguese municipalities for the period from 2014 to 2017. Results and Discussion: Results show that only institutional and financial-economic determinants are relevant to explain municipalities’ indebtedness. Municipalities with less tourism, less State transfers, and with more capital revenues are the ones more indebtedness. Beyond these factors, municipalities with more investments and less tax revenue tend to present more excess debt. Research Implications: The results of this work are useful to a group of users of the information provided by municipalities: By knowing the main reasons that lead to debt, municipal managers can somehow reduce debt; Regulatory entities can create laws to limit debt and citizens know how public money is being managed. Originality/Value: This work analyzed all Portuguese municipalities, during four years, a larger sample than used in previous works. Moreover, institutional, and financial-economic determinants are also used, in addition to political variables, and these determinants show relevance to explain municipalities' debt. Finally, we focus not only on the debt ratio but also on excess of debt which was the main concern of RFALEI.