Growth determinants of small- and medium-sized fitness enterprises : empirical evidence from Portugal

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Deutscher übersetzter Titel:Bedingungsfaktoren des Wachstums von kleinen und mittleren Fitness-Unternehmen : empirische Befunde aus Portugal
Autor:Carvalho, Pedro Guedes de; Nunes, Paulo Maçãs; Serrasqueiro, Zélia
Erschienen in:European sport management quarterly
Veröffentlicht:13 (2013), 4, S. 428-449, Lit.
Format: Literatur (SPOLIT)
Publikationstyp: Zeitschriftenartikel
Medienart: Gedruckte Ressource Elektronische Ressource (online)
Sprache:Englisch
ISSN:1618-4742, 1746-031X
DOI:10.1080/16184742.2013.810296
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Erfassungsnummer:PU201404004067
Quelle:BISp

Abstract des Autors

Based on a sample of 182 small- and medium-sized enterprises (SMEs) of the fitness industry for the period 2004-2009, this paper studies the growth determinants of fitness SMEs in Portugal using the two-step estimation method. Small and young fitness SMEs grow more quickly, respectively, than large and old fitness SMEs. Internal finance, external finance and labour productivity are important determinants to increase growth of fitness SMEs, while the interest paid and the financial crisis since 2008 restrict growth of fitness SMEs. The financial crisis also has influence on the impact of financial determinants in fitness SMEs growth. The empirical evidence obtained in this study allows the authors to suggest important measures of economic policy to support fitness SMEs and make suggestions to owners/managers of fitness SMEs. Verf.-Referat (geändert)