Gestión del capital de trabajo y métodos de valoración de existencias en las empresas medianas de la provincia de Guayas, periodo 2014 -2018

Abstract

Abstract: The following research analyzes the importance of efficient working capital management in medium-sized companies and how the choice of a stock valuation method affects it. The work isbased on theoretical arguments on the management of gross working capital and on empirical evidence from a sample of 1.005 medium-sized companies registered in the Superintendence of Companies,Securities and Insurance(SUPERCIAS) during the period2014-2018. Financial indicators areused to analyzethe interrelationship and influence theliquidity, profitability and the operating cycle have on the managementof working capital. In addition,it isdetermined that the choice of a stock valuation method is related to the nature of the inventory. The main findings reflect that thecompanies who efficiently manage their working capital belong to the agriculture and transportation sector, in the otherhand, the inefficient management is shown in the commercial and manufacturing sector. This demonstrates that the key to efficiently managing working capital is to find a balance point between profitability and liquidity.