A estrutura de capital das empresas do setor da indústria têxtil em Portugal e os seus determinantes

Abstract

This dissertation aims to primarily analyze the relevance of the determinants of capital structure in the financial obligations of companies in the textile sector, based on the studies presented in the theoretical framework and the available data. The sample used to address this objective consisted of five Portuguese companies in the textile sector. From a methodological standpoint, a qualitative study was conducted, based on an analysis of financial documents from the companies under study. The dependent variables considered were asset tangibility, profitability, size, business risk, industry sector, and liquidity. Total Debt was considered as the independent variable. Through the analysis of results, we concluded that companies in the textile sector are significantly dependent on debt, especially short-term debt. We also noticed that the companies are relatively less leveraged, yet they exhibit quite positive economic-financial results, with EB, S.A. standing out as the most profitable with lower levels of financial obligations and risk. This study contributes to improving business practices. Through the elaborated economic financial analysis, it is possible to enlighten the user, be it an investor or customer, about the financial structure of companies in the textile industry sector, enabling them to make more informed decisions regarding their financing. This analysis can be extended to any other sector.

Date of Award	21 Dec 2023
Original language	Portuguese
Awarding Institution	Universidade Católica Portuguesa
Supervisor	António Mendes Ferreira (Supervisor) & Luís Guilherme Marques Bernardes (Co-Supervisor)