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The Influence of Business Cycles on Corporate Performance: Evidence from Outdoor Tourism

2024-04-02Book part Restricted access
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datacite.subject.fosCiências Sociais::Economia e Gestão
datacite.subject.sdg08:Trabalho Digno e Crescimento Económico
dc.contributor.authorSantos, Eleonora
dc.contributor.authorAbreu, António
dc.contributor.authorPinto, Agostinho Sousa
dc.contributor.authorCarvalho, Milena
dc.contributor.authorMartins, Susana
dc.date.accessioned2025-12-05T14:25:10Z
dc.date.available2025-12-05T14:25:10Z
dc.date.issued2024-04-02
dc.descriptionPart of the book series: Smart Innovation, Systems and Technologies (SIST,volume 383).
dc.descriptionConference name International Conference on Tourism, Technology and Systems, ICOTTS 2023, Bacalar, 2 November 2023 - 4 November 2023.
dc.description.abstractTourism contributes substantially to economies and employment opportunities. In recent years, sustainable tourism has gained prominence, seeking to harmonize economic growth with environmental preservation and social equity. This concept revolves around minimizing tourism’s environmental impact while maximizing local community benefits. Consequently, assessing the economic sustainability of tourism firms becomes imperative for destinations aspiring to cultivate sustainable tourism practices, particularly in nature-based, cultural, and nautical activities. This study delves into the economic sustainability of outdoor tourism firms in Portugal, encompassing nature-based, cultural, and nautical activities, from 2013 to 2022 across diverse business cycles. Utilizing data from the National Tourism Registry and the SABI database, we scrutinize profitability and financial structures. Our findings underscore essential insights. Nature/adventure firms struggle to maintain consistent positive returns on assets, while cultural and nautical firms exhibit variable profitability linked to economic conditions. Nature/adventure firms display relatively strong current liquidity, hinting at potential financial resilience during economic downturns. Cultural firms consistently exhibit higher financial autonomy, indicative of distinct financial management practices. Debt ratios vary significantly among firms, reflecting diverse financing strategies and risk profiles. These findings hold implications for outdoor tourism sector managers and policymakers. Managers must prioritize risk management, financial strategies, and financing approaches to bolster financial resilience and long-term sustainability. Policymakers can offer targeted support and incentives to mitigate the adverse effects of business cycles, safeguarding the sector’s enduring viability.eng
dc.description.sponsorshipThis research was financed by National Funds of the FCT—Portuguese Foundation for Science and Technology within the project UIDB/04928/2020; under the Scientific E107 Employment Stimulus-Institutional Call CEECINST/00051/2018; and under the projects: UIDB/05422/2020 and UIDB/04059/2020.
dc.identifier.citationSantos, E., Abreu, A., Pinto, A.S., Carvalho, M., Martins, S. (2024). The Influence of Business Cycles on Corporate Performance: Evidence from Outdoor Tourism. In: Abreu, A., Carvalho, J.V., Liberato, P., Monroy, H.C. (eds) Advances in Tourism, Technology and Systems. ICOTTS 2023. Smart Innovation, Systems and Technologies, vol 383. Springer, Singapore. https://doi.org/10.1007/978-981-99-9765-7_9
dc.identifier.doi10.1007/978-981-99-9765-7_9
dc.identifier.isbn9789819998838
dc.identifier.isbn9789819997657
dc.identifier.issn2190-3018
dc.identifier.issn2190-3026
dc.identifier.urihttp://hdl.handle.net/10400.8/14925
dc.language.isoeng
dc.peerreviewedyes
dc.publisherSpringer Nature
dc.relationCentre of Applied Research in Management and Economics
dc.relationCenter of Organizational and Social Studies of Polytechnic of Porto
dc.relation.hasversionhttps://link.springer.com/chapter/10.1007/978-981-99-9765-7_9
dc.relation.ispartofSmart Innovation, Systems and Technologies
dc.relation.ispartofAdvances in Tourism, Technology and Systems
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectCorporate Performance
dc.subjectTourism
dc.subjectBusiness Cycles
dc.titleThe Influence of Business Cycles on Corporate Performance: Evidence from Outdoor Tourismeng
dc.typebook part
dspace.entity.typePublication
oaire.awardTitleCentre of Applied Research in Management and Economics
oaire.awardTitleCenter of Organizational and Social Studies of Polytechnic of Porto
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04928%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F05422%2F2020/PT
oaire.citation.endPage108
oaire.citation.startPage93
oaire.citation.titleAdvances in Tourism, Technology and Systems (ICOTTS 2023)
oaire.citation.volume383
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStream6817 - DCRRNI ID
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
person.familyNameSantos
person.givenNameEleonora
person.identifier.ciencia-id321B-D068-1CB4
person.identifier.orcid0000-0003-4693-0804
person.identifier.scopus-author-id56903606100
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
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relation.isAuthorOfPublication.latestForDiscovery68e18938-f060-47d1-b0b8-4ca1f2e47dbe
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