Skip to main content

PUBLICATIONS


026 – An Exploratory Study on the Motivations behind Visiting the Holocaust Museum of Porto

José Magano, Fraiz-Brea, J.A. & Leite, Â.
Sustainability 2022, 14(24), 16780
Abstract

This study aims to identify the reasons why people visit the Holocaust Museum of Porto (HMP) and if other variables (sociodemographic ones, visitors’ similarity with Jewish community members, their knowledge of dark tourism, and experience with other Holocaust-related destinations) also influence such motivators. A quantitative analytical, observational and case-control study was conducted based on a survey of 488 respondents who completed a self-administered questionnaire at the HMP. Statistical data analysis included descriptive statistics, an exploratory factor analysis, a confirmatory factor analysis, convergent validity (through composite reliability and average variance extracted), and discriminant validity (through square roots of the AVE values). The findings reveal that visitors are drawn by factors such as novelty and knowledge-seeking and that the motives for visiting the museum differ according to their sociodemographic characteristics, visitors’ similarity with members of the Jewish community, and their knowledge of dark tourism and experience with other Holocaust-related destinations. Sociodemographic variables, previous practices related to the Holocaust and similarity have an impact on the drivers behind visiting dark places. These results contribute to dark tourism literature with an improved understanding of tourist behavior toward Holocaust memorial museums. In addition to filling a gap, it provides a comprehensive insight into the specific motivators behind visiting the HMP, possibly allowing this museum to better design tourist experiences, thus increasing the potential to attract more visitors and keep alive the memory of such atrocities that cannot be repeated.


025 – Portugal – China Geoeconomic Partnership: A Shot in the Dark?

Fernandes, J. P. T., Magano, J., Turcsanyi, R. Q. & Leite, Â.
European Review of Business Economics II(2): 47-71
Abstract

China has become a hotly debated political topic in Europe and has also attracted
significant public attention. However, despite historical relations between Portugal and
China and the significant economic investment China has made in Portugal in recent
years, no study has been carried out concerning Portuguese public opinion on China.
Following up on earlier studies in other European countries, this paper reports and
examines the results of a survey held in Portugal, revealing that Portuguese public
opinion is generally more suspicious and critical of China than Portuguese government
policies suggest.


024 – Bank Capital Structure: Revisiting Evidence from the Field

Mário Coutinho dos Santos
European Review of Business Economics II(1): 101-134
Abstract

This paper examines investigates bank (voluntary) capital structure decisions, revisiting a unique dataset gathered through face-to-face interviews with a sample of 51 CEOs of banks, representing 91.5 percent of the total net assets of the Portuguese banking industry, over the 1989-1998 period. Survey evidence documents that the allocation of ownership control rights, growth opportunities, reputation in banking markets, financial flexibility, information signaling, and debt tax shields are significant internal determinants of bank capital structure choice. We also found that capital regulatory discipline is the only significant external determinant. Most survey participants elicited trading off ownership control rights dilution and the benefits of debt / equity securities issuance, and the static tradeoff model, as their preferred capital structure policies. The pecking order and the market-timing theories received moderate to weak preference. The paper extends the literature, providing field evidence that capital structure choice does matter for bank value, and it can be explained within the framework of the corporate capital structure theory.


023 – Diversification Relatedness and Economic Performance: Does the Resource Plasticity Channel Matter?

Jorge Mota & Mário Coutinho dos Santos
European Review of Business Economics II(1): 27-46
Abstract

In this paper, we examine the link between corporate diversification relatedness and economic performance through the resource plasticity channel. In order to do so, we estimate a dynamic panel on a data set of 2,396 diversified firms from the euro area over the 2010-2017 period. Our empirical research documents that a percentage point increase in the level of unrelated diversification is significantly associated with a 1.52 percent improvement in performance and vis-à-vis related diversification with a 1.09 percent increase in performance, considering the sensitivity of these relationships to resource plasticity. These findings contribute to the literature by documenting that diversification relatedness positively impacts performance. Furthermore, evidence is also consistent with the proposition that this relationship is sensitive to resource plasticity. Our results hold after controlling for endogeneity bias and are robust to alternative variable specifications.


022 – Who Cares about Sustainable Investments?

Victor Mendes
European Review of Business Economics II(1): 3-26
Abstract

This paper aims to identify which characteristics of individuals, investors or not, lead them to prioritize sustainability over profitability. It also assesses the impact of the sources and types of information used and the impact of non-economic factors on the decision-making of (non-)investors. I conclude that the sensitivity of Portuguese individuals to sustainability issues differs between investors and non-investors, not only with regard to the sources used, but also with regard to the topics on which they look for information. However, as far as values and attitudes are concerned, the results are very similar for investors and non-investors.

© 2024 CICEE. All rights reserved