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Relación entre la gestión del capital de trabajo y la rentabilidad en la industria de distribución de químicos en Colombia

Author

Listed:
  • Sebastián Jaramillo Aguirre

Abstract

Este artículo pretende ofrecer evidencias empíricas sobre la relación que existe entre el capital de trabajo y la rentabilidad empresarial para el sector de distribución de químicos en Colombia. En este estudio se investigan 48 empresas durante el periodo 2008-2014. Los resultados evidencian de forma empírica que existe una relación significativa entre los factores del capital de trabajo y la rentabilidad empresarial en el sector. Se observa una relación negativa y significativa entre los días de cuentas por cobrar, los días de cuentas por pagar, el ciclo de conversión de efectivo y la rentabilidad empresarial.******This article offers empirical evidence on the relationship between the working capital and corporate profitability for the chemicals distribution sector in Colombia. The study looks at 48 companies during the 2008-2014 period. The results provide empirical evidence that there is a significant relationship between the factors pertaining to working capital and corporate profitability in the sector.

Suggested Citation

  • Sebastián Jaramillo Aguirre, 2016. "Relación entre la gestión del capital de trabajo y la rentabilidad en la industria de distribución de químicos en Colombia," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 8(2), pages 327-347, September.
    • Handle: RePEc:col:000443:015425
    as

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    References listed on IDEAS

    as
    1. Marc Deloof, 2003. "Does Working Capital Management Affect Profitability of Belgian Firms?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(3‐4), pages 573-588, April.
    2. Marc Deloof, 2003. "Does Working Capital Management Affect Profitability of Belgian Firms?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(3-4), pages 573-588.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    capital de trabajo; rentabilidad; distribución de químicos.;
    All these keywords.

    JEL classification:

    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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