%0 Journal Article %T Complementariedad de las inversiones a largo plazo y de capital de trabajo ante oportunidades de negocios y consideraciones de liquidez en países latinoamericanos %D 2015 %@ 01235923 %U http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/2126 %X The objective of the study is the analysis of the relation between long term investment and investment in working capital, using the generalized least squares method for panel data with error correction for heteroscedasticity, and panel specific autocorrelation. From the above, it is found that investment in long-term assets in publicly traded companies from 7 major Latin American countries is preceded by increases in working capital, which strengthens the hypothesis that this occurs in response to improved business opportunities. This relationship is statistically significant in general and in companies that have high or medium, but not low leverage. %K Producción intelectual registrada - Universidad Icesi %K Administración financiera %K Latinoamérica %K Inversión %K Short term %K Investment %K Financial management %~ GOEDOC, SUB GOETTINGEN