Determinants of Working Capital Management in Latin American Companies
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| Format: | Artículo científico |
| Langue: | en |
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Universidad Nacional de Colombia
2014
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| _version_ | 1876435936613498880 |
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| author | Samuel Mongrut |
| author_facet | Samuel Mongrut |
| contents | Determinants of Working Capital Management in Latin American Companies Samuel Mongrut Darcy Fuenzalida O’Shee Claudio Cubillas Zavaleta Johan Cubillas Zavaleta Administración y Contabilidad international management Working capital management The aim of this study is to determine the factors that affect working capital management in Latin American companies. Using an unbalanced panel data analysis for companies quoted in five Latin American capital markets it is shown that companies in Argentina, Brazil, Chile and Mexico are holding cash excesses, which could destroy firm value. Results show that the industry cash conversion cycle, the company market power, its future sales and country risk have an influence on the way Latin American companies manage their working capital with significant differences among countries in the region. 2014 artículo científico 0121-5051 https://www.redalyc.org/articulo.oa?id=81829842002 en http://www.redalyc.org/revista.oa?id=818 INNOVAR. Revista de Ciencias Administrativas y Sociales application/pdf Universidad Nacional de Colombia INNOVAR. Revista de Ciencias Administrativas y Sociales (Colombia) Num.51 Vol.24 |
| format | Artículo científico |
| id | redalyc_81829842002 |
| institution | Redalyc |
| language | en |
| publishDate | 2014 |
| publisher | Universidad Nacional de Colombia |
| spellingShingle | Determinants of Working Capital Management in Latin American Companies Samuel Mongrut Administración y Contabilidad international management Working capital management Determinants of Working Capital Management in Latin American Companies Samuel Mongrut Darcy Fuenzalida O’Shee Claudio Cubillas Zavaleta Johan Cubillas Zavaleta Administración y Contabilidad international management Working capital management The aim of this study is to determine the factors that affect working capital management in Latin American companies. Using an unbalanced panel data analysis for companies quoted in five Latin American capital markets it is shown that companies in Argentina, Brazil, Chile and Mexico are holding cash excesses, which could destroy firm value. Results show that the industry cash conversion cycle, the company market power, its future sales and country risk have an influence on the way Latin American companies manage their working capital with significant differences among countries in the region. 2014 artículo científico 0121-5051 https://www.redalyc.org/articulo.oa?id=81829842002 en http://www.redalyc.org/revista.oa?id=818 INNOVAR. Revista de Ciencias Administrativas y Sociales application/pdf Universidad Nacional de Colombia INNOVAR. Revista de Ciencias Administrativas y Sociales (Colombia) Num.51 Vol.24 |
| title | Determinants of Working Capital Management in Latin American Companies |
| topic | Administración y Contabilidad international management Working capital management |
| url | https://www.redalyc.org/articulo.oa?id=81829842002 |