Carvalho, Pedro Guedes de; Serrasqueiro, Zélia; Nunes, … - In: The AMFITEATRU ECONOMIC journal 15 (2013) 34, pp. 417-430
Based on a sample of 182 small and medium-sized Portuguese fitness firms, using panel data models, this paper studies the determinants of profitability in Portuguese fitness SMEs. The empirical evidence indicates that: i) size, age, liquidity, long-term debt and government subsidies are...