Key factors in working capital management in the Brazilian market

Revista de Administração de Empresas

Nathalie Vicente Nakamura Palombini¹  Wilson Toshiro Nakamura¹ 

[1] ,Universidade Presbiteriana Mackenzie Programa de Pós-Graduação em Administração de Empresas São Paulo SP ,Brasil

关键词: Working capital;    financial management;    panel data;    Brazil;    liquidity;    Capital de giro;    gestão financeira;    dados em painel;    Brasil;    liquidez;    Capital de giro;    factores determinantes;    datos en panel;    Brasil;    liquidez;   

DOI  :  10.1590/S0034-75902012000100005

来源: SciELO

【 摘 要 】

Many studies have been conducted in corporate finance regarding long-term investment and financing decisions. However, short-term asset investments play a significant role in the balance sheet of companies. Moreover, financial managers dedicate significant amounts of time and effort to the subject of working capital management, balancing current assets and liabilities. This paper provides insights regarding the key factors of working capital management by exploring the internal variables of a number of companies. This study used data from 2,976 Brazilian public companies from 2001 to 2008, and found that debt level, size and growth rate can affect the working capital management of companies.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License