出版社：UNIVERSIDADE FEDERAL DO PARANÁ - ACCOUNTING DEPARTMENT
摘要：This paper seeks to understand how the management of working capital influences corporate profitability, considering the industry in which they operate. We used data and financial statements for the 143 companies listed on the Securities, Commodities and Futures Exchange (BM&FBovespa), divided into four distinct sectors: industry, services, trade and public. The results show that the proposed model was more representative of the trading industry, especially as this sector has a higher proportion of assets and liabilities circular in relation to their assets and total liabilities, and indicates that the variable Net Working Capital on Assets is the most reliable measure for the management of working capital between firms that are in different sectors. The model study contributes to the advancement of the subject in Brazil, serving as a basis for future research to consider other moderating variables, another crop sector, for example, small and medium businesses, as these face greater difficulty to manage its capital turning.
其他摘要：This paper seeks to understand how the management of working capital influences corporate profitability, considering the industry in which they operate. We used data and financial statements for the 143 companies listed on the Securities, Commodities and Futures Exchange (BM&FBovespa), divided into four distinct sectors: industry, services, trade and public. The results show that the proposed model was more representative of the trading industry, especially as this sector has a higher proportion of assets and liabilities circular in relation to their assets and total liabilities, and indicates that the variable Net Working Capital on Assets is the most reliable measure for the management of working capital between firms that are in different sectors. The model study contributes to the advancement of the subject in Brazil, serving as a basis for future research to consider other moderating variables, another crop sector, for example, small and medium businesses, as these face greater difficulty to manage its capital turning.
关键词：Working Capital;Performance;Stock Exchange;Capital de Giro;Desempenho;Bolsa de Valores
