%0 Journal Article 
%T Existe relación entre el ciclo del capital de trabajo y la rentabilidad de empresas en Colombia?
%D 2011
%U http://hdl.handle.net/10906/67656
%X This study investigates whether there is a statistically significant relationship
between net working capital (and its components), and profitability of the company,
for a sample of Colombian companies, classified by sector, during the years 2005
to 2009, whose financial statements were published in Superintendencia de
Sociedades. By regression testing statistical significance was found between the
net working capital and its components and both operational and net profitability of
the companies included in the study, however, when the total number of
businesses was analyzing with working capital cycle is not as strong, the evidence
is stronger when analyzed separately the components of working capital, crossed
with the breakdown of the sectors. In general, days of accounts payable have the
greatest negative impact on profitability.
Sectors with stronger relationship are trade, manufacturing and construction.
It is shown, being consistent with studies in other economies, that companies can
improve its profitability by reducing the days of working capital.
%K Economía
%K Producción intelectual registrada - Universidad Icesi
%K Economics
%K Finanzas
%K Administración financiera
%K Capital de trabajo
%K Rentabilidad operacional
%K Ciclo de efectivo
%K RENTABILIDAD DE CAPITAL
%K Rentabilidad empresarial
%K WORKING CAPITAL
%K OPERATING PROFIT
%K NET PROFIT
%~ GOEDOC, SUB GOETTINGEN