TY  - JOUR 
TI  - Efecto del ciclo de efectivo sobre la rentabilidad de las firmas colombianas
JO  - Borradores de Economía y Finanzas;No. 9 - Diciembre 2006
PB  - Universidad Icesi
PY  - 2006
AB  - This document analyzes the relation between the efficiency of working capital
management and corporate profitability for the period of 2001 through 2004. Using a
regression framework, we find a strong negative relation between the number of day the
company has to finance its working capital and its profitability. Thus, this paper supports the
argument that shorter trade cycles would be accompanied by higher profitability levels.
KW  - Facultad de Ciencias Administrativas y Económicas
KW  - Departamento de Economía
KW  - Ciclo efectivo
KW  - Rentabilidad
KW  - Empresas
KW  - Colombia
KW  - Capital de trabajo
KW  - Firmas colombianas
KW  - Economía
KW  - Negocios y management
KW  - Economics
KW  - Business
UR  - http://hdl.handle.net/10906/65252
ER  -