The influence of working capital on corporate performance: evidence from Latin America

Detalhes bibliográficos
Ano de defesa: 2017
Autor(a) principal: Bozzeda, Riccardo
Orientador(a): Sampaio, Joelson Oliveira
Banca de defesa: Não Informado pela instituição
Tipo de documento: Dissertação
Tipo de acesso: Acesso aberto
Idioma: eng
Instituição de defesa: Não Informado pela instituição
Programa de Pós-Graduação: Não Informado pela instituição
Departamento: Não Informado pela instituição
País: Não Informado pela instituição
Palavras-chave em Português:
Capital de giro
Rentabilidade
Empresas
Palavras-chave em Inglês:
Working capital management
Performance
Small firms
Big firms
Link de acesso: http://hdl.handle.net/10438/18919
Resumo: This paper provides evidence of the effect of Working Capital Management (WCM) on the performance of Latin America companies. The study also investigates whether the effect of WCM on performance differs between ‘small’ and ‘big’ firms. The paper employs Panel data regression analysis on a sample of 117 non-financial firms over an eleven-year period (2005- 2015). The results show that WCM has a convex relationship with performance. However, the results suggest that WCM is relatively more important for the performance of ‘big’ companies than ‘small’ companies. Overall, the study proves that WCM components do affect the performance of Latin America firms.
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spelling Bozzeda, RiccardoEscolas::EESPAnjos, FernandoFerreira, MiguelSampaio, Joelson Oliveira2017-10-05T16:03:50Z2017-10-05T16:03:50Z2017-09-22http://hdl.handle.net/10438/18919This paper provides evidence of the effect of Working Capital Management (WCM) on the performance of Latin America companies. The study also investigates whether the effect of WCM on performance differs between ‘small’ and ‘big’ firms. The paper employs Panel data regression analysis on a sample of 117 non-financial firms over an eleven-year period (2005- 2015). The results show that WCM has a convex relationship with performance. However, the results suggest that WCM is relatively more important for the performance of ‘big’ companies than ‘small’ companies. Overall, the study proves that WCM components do affect the performance of Latin America firms.Este documento fornece evidências do efeito da Gestão de Capital de Trabalho (WCM) sobre o desempenho das empresas da América Latina. O estudo também investiga se o efeito da WCM no desempenho difere entre empresas ‘pequenas’ e ‘grandes’. O artigo emprega análise de regressão de dados do painel em uma amostra de 117 empresas não financeiras ao longo de um período de onze anos (2005-2015). Os resultados mostram que a WCM tem uma relação convexa com o desempenho. No entanto, os resultados sugerem que o WCM é relativamente mais importante para o desempenho de empresas ‘grandes’ do que empresas ‘pequenas’. Em geral, o estudo comprova que os componentes da WCM afetam o desempenho das empresas da América Latina.engWorking capital managementPerformanceSmall firmsBig firmsCapital de giroRentabilidadeEmpresasEconomiaCapital de giroCapital de giro - AdministraçãoAdministração financeiraEmpresas - FinançasThe influence of working capital on corporate performance: evidence from Latin Americainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTEXTTesi_FGV.pdf.txtTesi_FGV.pdf.txtExtracted 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dc.title.eng.fl_str_mv The influence of working capital on corporate performance: evidence from Latin America
title The influence of working capital on corporate performance: evidence from Latin America
spellingShingle The influence of working capital on corporate performance: evidence from Latin America
Bozzeda, Riccardo
Working capital management
Performance
Small firms
Big firms
Capital de giro
Rentabilidade
Empresas
Economia
Capital de giro
Capital de giro - Administração
Administração financeira
Empresas - Finanças
title_short The influence of working capital on corporate performance: evidence from Latin America
title_full The influence of working capital on corporate performance: evidence from Latin America
title_fullStr The influence of working capital on corporate performance: evidence from Latin America
title_full_unstemmed The influence of working capital on corporate performance: evidence from Latin America
title_sort The influence of working capital on corporate performance: evidence from Latin America
author Bozzeda, Riccardo
author_facet Bozzeda, Riccardo
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.member.none.fl_str_mv Anjos, Fernando
Ferreira, Miguel
dc.contributor.author.fl_str_mv Bozzeda, Riccardo
dc.contributor.advisor1.fl_str_mv Sampaio, Joelson Oliveira
contributor_str_mv Sampaio, Joelson Oliveira
dc.subject.eng.fl_str_mv Working capital management
Performance
Small firms
Big firms
topic Working capital management
Performance
Small firms
Big firms
Capital de giro
Rentabilidade
Empresas
Economia
Capital de giro
Capital de giro - Administração
Administração financeira
Empresas - Finanças
dc.subject.por.fl_str_mv Capital de giro
Rentabilidade
Empresas
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Capital de giro
Capital de giro - Administração
Administração financeira
Empresas - Finanças
description This paper provides evidence of the effect of Working Capital Management (WCM) on the performance of Latin America companies. The study also investigates whether the effect of WCM on performance differs between ‘small’ and ‘big’ firms. The paper employs Panel data regression analysis on a sample of 117 non-financial firms over an eleven-year period (2005- 2015). The results show that WCM has a convex relationship with performance. However, the results suggest that WCM is relatively more important for the performance of ‘big’ companies than ‘small’ companies. Overall, the study proves that WCM components do affect the performance of Latin America firms.
publishDate 2017
dc.date.accessioned.fl_str_mv 2017-10-05T16:03:50Z
dc.date.available.fl_str_mv 2017-10-05T16:03:50Z
dc.date.issued.fl_str_mv 2017-09-22
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/18919
url http://hdl.handle.net/10438/18919
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Repositório Institucional do FGV (FGV Repositório Digital)
collection Repositório Institucional do FGV (FGV Repositório Digital)
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