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Working capital and financial performance in portuguese accommodation companies

2025Documento de conferência Acesso aberto
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datacite.subject.fosCiências Sociais
datacite.subject.sdg08:Trabalho Digno e Crescimento Económico
datacite.subject.sdg09:Indústria, Inovação e Infraestruturas
datacite.subject.sdg11:Cidades e Comunidades Sustentáveis
dc.contributor.authorFernandes, António B.
dc.contributor.authorCardim, Sofia
dc.contributor.authorFerreira, Jessica
dc.contributor.authorPinto, Lígia
dc.contributor.editor.
dc.date.accessioned2026-03-31T13:31:34Z
dc.date.available2026-03-31T13:31:34Z
dc.date.issued2025
dc.description.abstractPurpose: This study aims to analyse the impact of Working Capital on the Free Cash Flow of Portuguese companies that operate under the Division 55 Accommodation, and that represent the main companies in the tourism sector. Methodology: The research used a sample of 2,227 companies, with a total of 26,689 observations between 2011 and 2023, obtained from the Sistema de Análise de Balanços Ibéricos database. A multiple linear regression was developed based on financial data from companies in Division 55 and 12 research hypotheses were formulated and tested, in order to analyse the impact of different components of working capital in determining the free cash flow of companies in the Accommodation sector. Results: The variation in working capital proved to have a negative and statistically significant impact on the free cash flow of the companies analysed. It was also found that all the variables studied have a significant influence on the model, explaining around 60 per cent of the variation in Free Cash Flow. Research limitations: The study focuses only on a specific sector, which may limit the generalisation of the results to other economic sectors. Originality: This research contributes to the literature by empirically evaluating the relationship between working capital and free cash flow in the Accommodation sector in Portugal, which is a relevant sector for Gross Domestic Product and its companies are characterised by several specificities.por
dc.identifier.citationFernandes, António B.; Cardim, Sofia; Ferreira, Jessica; Pinto, Lígia (2025). Working capital and financial performance in portuguese accommodation companies. In the International Conference on Tourism and Hospitality Management. p.160-162. ISBN 978-989-36197-1-1. DOI: 10.58869/ICTHM2025
dc.identifier.doi10.58869/ICTHM2025
dc.identifier.isbn978-989-36197-1-1
dc.identifier.urihttp://hdl.handle.net/10198/36423
dc.language.isoeng
dc.peerreviewedyes
dc.publisherISAG - EUROPEAN BUSINESS SCHOOL
dc.relation.hasversionhttps://iwthm25.isag.pt/en/book-of-abstracts/
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectWorking capital
dc.subjectFree cash flow
dc.subjectAccommodation sector
dc.subjectFinancial management
dc.subjectLinear regression
dc.subjectPortuguese companies
dc.titleWorking capital and financial performance in portuguese accommodation companiespor
dc.typeconference object
dspace.entity.typePublication
oaire.citation.endPage162
oaire.citation.startPage160
oaire.citation.titlethe International Conference on Tourism and Hospitality Management 2025
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
person.familyNameFernandes
person.familyNameCardim
person.familyNameFerreira
person.givenNameAntónio B.
person.givenNameSofia
person.givenNameJessica
person.identifier.ciencia-id9215-EC79-BC43
person.identifier.ciencia-id671A-C409-26B3
person.identifier.ciencia-id7A15-9500-44E4
person.identifier.orcid0000-0002-6526-9903
person.identifier.orcid0000-0002-7506-5111
person.identifier.orcid0000-0002-4141-6702
person.identifier.ridHPG-9403-2023
person.identifier.scopus-author-id57207923346
person.identifier.scopus-author-id57202945821
person.identifier.scopus-author-id57204795793
relation.isAuthorOfPublication160f067d-4cd4-4e53-ae68-4476ede43da1
relation.isAuthorOfPublicationcd103df1-5eae-40c0-8560-15f035949f95
relation.isAuthorOfPublication62d87d26-8945-41ec-bc3a-cf618fd3f2fc
relation.isAuthorOfPublication.latestForDiscovery160f067d-4cd4-4e53-ae68-4476ede43da1

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