Análise económico-financeira dos setores nacionais metalúrgico de base e de produtos metálicos no período de 2006 a 2015

Abstract

This thesis was performed within the scope of the Management Master’s Final Assignment
of Católica Porto Business School of the Universidade Católica Portuguesa.
The topic consists in an economic-financial study of two national industry sectors between
2006 and 2015: the manufacture of basic metals and the manufacture of fabricated metal
products, except machinery and equipment. The goal of this study was to understand and
explain the comparative economic-financial performance of these crucial sectors for the
Portuguese economy over these years, analyse its main determinants and also to emphasise
their importance in the metalworking industry.
The literature review evidenced the importance and the utility that an economic-financial
analysis through performance indicators has for the firms and for the different stakeholders, as
well as the interdependencies that exist between the referred indicators.
The developed model is based on the primary data of all national companies registered in
each sector, in the period considered. These data allowed to obtain a set of performance
indicators for each sector, namely the median and the other quartiles performance values.
Taking into consideration that the companies of each sector are distinct in what concerns
dimension and capital structure, it was decided to segment the analysis according to these two
important performance dimensions. The above-stated option turned the financial and economic
study more objective and less biased, since each quartile includes identical companies in what
concerns dimension and capital structure.
Regarding the conclusions that can be withdrawn from the analysis model, it is possible to
infer that for the manufacture of basic metals sector the performance is positively correlated
with the dimension and negatively correlated with the degree of indebtedness. For the
manufacture of fabricated metal products sector, these relationships are not so clear, although
it seems that the performance is negatively correlated with the dimension and positively
associated with the degree of indebtedness, especially in the last sub-period.

Date of Award	6 Apr 2018
Original language	Portuguese
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Luis Pacheco (Supervisor)