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Small Companies Facing the Mobility Policy in Spain: Is It Profitable to Remain in the Market?
dc.contributor.author | Fernández-González, Raquel | |
dc.contributor.author | Pérez-Vas, Raisa | |
dc.contributor.author | Puime Guillén, Félix | |
dc.date.accessioned | 2024-01-09T08:47:06Z | |
dc.date.available | 2024-01-09T08:47:06Z | |
dc.date.issued | 2022 | |
dc.identifier.citation | Fernández-González, R., Pérez-Vas, R., & Puime-Guillén, F. (2022). Small companies facing the mobility policy in Spain: Is it profitable to remain in the market?. Transport Policy, 128, 113-120. | es_ES |
dc.identifier.issn | 0967-070X | |
dc.identifier.uri | http://hdl.handle.net/2183/34767 | |
dc.description.abstract | [Absract]: The parking sector in Spain has experienced a growing trend in recent years. At the same time, the level of market concentration has increased. One of the main reasons behind this phenomenon is due to the mobility policy established both at the national (Spain) and supranational (European Union) levels, which is based on environmental sustainability criteria. Increasingly, the possession of environmental certificates, widespread among large companies but not among small ones, is increasingly decisive to obtain a public parking tender. The objective of this work is to analyze whether small companies, which are a large number in the sector, have possibilities of continuing their activity in the market in the face of an increase in the degree of sustainability in mobility policies. For this purpose, the Real Options ethodology will be used, applying an abandonment option for a period of 10 years. The results provide a high NPV value (€598,491.2) and a Real Options value, together with the exit option, of 630,341.9. The exit option contributes a growth of only 5.32% with respect to the NPV. Therefore, the option to stay in the market is an appropriate choice for decision-makers. | es_ES |
dc.description.sponsorship | This research has been funded by the Consellería de Cultura, Educación e Ordenación Universitaria de la Xunta de Galicia through the predoctoral grant ED481A-2018/341, the postdoctoral grant ED481B2018/095 and the following grants: ED431C2018/48 and ED431E2018/07. In addition, this publication is part of the R&D&I project RTI2018-099225-B-100, funded by MCIN/AEI/10.13039/501100011033/and FEDER "A way of doing Europe". We would also like to show our gratitude to Juan Carlos López Rodríguez for comments that greatly improved the manuscript. | es_ES |
dc.description.sponsorship | Xunta de Galicia; ED481A-2018/341 | es_ES |
dc.description.sponsorship | Xunta de Galicia; ED481B2018/095 | es_ES |
dc.description.sponsorship | Xunta de Galicia; ED431C2018/48 | es_ES |
dc.description.sponsorship | Xunta de Galicia; ED431E2018/07 | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Elsevier | es_ES |
dc.relation | Info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/RTI2018-099225-B-100/ES/GESTION SOSTENIBLE DE LOS RECURSOS MARINOS EN LA UE/ | es_ES |
dc.relation.uri | https://doi.org/10.1016/j.tranpol.2022.09.021 | es_ES |
dc.rights | Atribución-NoComercial-SinDerivadas 4.0 Internacional | es_ES |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ | * |
dc.subject | Parking | es_ES |
dc.subject | Transport policy | es_ES |
dc.subject | Discount cash-flow | es_ES |
dc.subject | Real options | es_ES |
dc.subject | Spain | es_ES |
dc.title | Small Companies Facing the Mobility Policy in Spain: Is It Profitable to Remain in the Market? | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.rights.access | info:eu-repo/semantics/openAccess | es_ES |
UDC.journalTitle | Transport Policy | es_ES |
UDC.volume | 128 | es_ES |
UDC.startPage | 113 | es_ES |
UDC.endPage | 120 | es_ES |
dc.identifier.doi | https://doi.org/10.1016/j.tranpol.2022.09.021 |
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