La gestión financiera de corto plazo y el efecto en la rentabilidad de las empresas ecuatorianas del sector A01 agricultura, ganadería, caza y actividades de servicios conexas, en el periodo 2012 – 2016

Abstract

Taking into account the importance of working capital, the investigation of the research sought indicators that have an effect on the generation of margin and profitability of Ecuadorian companies of sector A01 agriculture, livestock, hunting and related service activities, during the period 2012-2016; Through the econometric data model panel, we seek to know the effect of variables related to working capital. In addition, the application of the descriptive statistics, the correlation of variables, the decrease of the changes in the terms of the media and the variance of the data was carried out using the winsor method.

The results show that there is an effect of the working capital measured by the cash conversion cycle, the impact of the financial burden, financial leverage and size of the company on the gross margin and profitability of the companies, likewise it is evident that the variables: period means of collection, average period of inventory are significant only with respect to the gross margin. The variables that measure the average period of payment and liquidity of the companies have no effect on the generation of profitability of companies related to agriculture.