La gestión financiera de corto plazo y el efecto en la rentabilidad de las empresas ecuatorianas del sector D: suministro de electricidad, gas, vapor y aire acondicionado, en el periodo 2012-2016.

Abstract

The purpose of this research work is to determine if working capital has an effect on business profitability, identifying the determinants that influence the financial management in the short term of Ecuadorian companies in the D sector: electricity, gas, steam and air supply conditioning, based on the information provided in the Superintendence of Companies, Securities and Insurance corresponding to the sector, during the years 2012-2016, through an econometric data panel using multiple regression with fixed and random effects; Additionally, in order to reduce the changes in terms of mean and variance of the data, the winsor2 method was applied. The results show that the variables that significantly influence the short-term financial management and the effect on the profitability of Ecuadorian companies in the sector analyzed with respect to the gross margin are the average collection period, financial leverage, financial burden index and size of the company and regarding the net return of the asset are the average of inventory and the size of the company