La gestión financiera de corto plazo y el efecto en la rentabilidad de las empresas ecuatorianas del Sector A03: Pesca y Acuicultura en el periodo 2012-2016

Abstract

This study allows us to recognize the realities regarding the short-term financial management and its effect on profitability, the statistical population of the research are the companies of the A03 sector: Fisheries and Aquaculture during the period 2012 to 2016. Subsequently, samples of 296 companies were taken. In a broad sense, the working capital is composed by the short term assets; the results give evidence in an empirical way a significant, negative relationship of the Mean Inventory Period (PMI) and the Net Profitability of Assets (NPA,) the increase or decrease in the inventory days causes an adverse effect on NPA; a significant, positive relationship of the Mean Collection Period (MCP) and the NPA, while a non-significant, positive relationship was found in the four applied models in the Mean Payment Period (MPP) and the profitability (NPA) and (MB) of the companies in the A03 sector.