Influencia de la administración del capital de trabajo en la rentabilidad empresarial

• Duque Espinoza, Gabriela Monserrath ^[1] ; Espinoza Flores, Orlando ^[1] ; González Soto, Karla ^[1] ; Sigüencia Muñoz, Adrián ^[1]
  1. [1] Universidad del Azuay

     Universidad del Azuay

     Cuenca, Ecuador

     
• Localización: INNOVA Research Journal, ISSN-e 2477-9024, Vol. 4, Nº. 3, 1, 2019, págs. 1-17
• Idioma: español
• DOI: 10.33890/innova.v4.n3.1.2019.1060
• Títulos paralelos:
  • Influence of working capital management on business profitability
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    El capital de trabajo es relevante en la administración empresarial, pues proporciona a las firmas los recursos necesarios para llevar a cabo sus operaciones de forma regular, buscando una gestión eficiente que ayude a generar mayores niveles de rentabilidad. La presente investigación tiene por objeto determinar la eficiencia en la administración del capital de trabajo y su relación con la rentabilidad en las empresas del sector textil del Ecuador, y su evolución en el tiempo. Mediante una metodología de análisis cuantitativo, a través de datos de panel, se estudia la relación entre la eficiencia en la administración del capital de trabajo y la rentabilidad, de acuerdo con el nivel de actividad de 425 sociedades. Se evidencia que las firmas que utilizaron de manera más eficiente su capital de trabajo para la generación de ventas fueron las pequeñas y micro empresas. Las empresas pequeñas evidencian una relación positiva entre la variable de estudio y el ROA, lo que demuestra que tener una mayor eficiencia en la administración de capital de trabajo permite a las firmas obtener mayores niveles de rentabilidad.

  • English

    Working capital is relevant in business management, since it provides firms with the necessary resources to carry out their regular operations, seeking efficient management that helps generate higher levels of profitability. The purpose of this research is to determine the efficiency in the management of working capital and its relationship with profitability in companies of the textile business sector of Ecuador, and their evolution over time. Through a quantitative analysis methodology, by means of panel data, the relationship between efficiency in the management of working capital and profitability is studied, according to size of 425 companies. It is evident that the firms that used their working capital more efficiently to generate sales were the small companies and microenterprises. Small companies show a positive relationship between the study variable and ROA, which shows that having greater efficiency in the management of working capital allows firms to obtain higher levels of profitability.

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