Determinantes da necessidade de capital de giro: as companhias abertas do Brasil entre 1994 e 2009
Arquivos
Tipo
Dissertação
Data de publicação
2011-08-10
Periódico
Citações (Scopus)
Autores
Rick, Leandro
Orientador
Nakamura, Wilson Toshiro
Título da Revista
ISSN da Revista
Título de Volume
Membros da banca
Forte, Denis
Douat, João Carlos
Douat, João Carlos
Programa
Administração de Empresas
Resumo
The Operational Working Capital Requirement (WCR) is the net investment needed to keep the operating cycle. There is no specific theory on Working Capital and, in Brazil; there are few studies about its operational and financial determinants. This empirical research test, in part, a model proposed by Hill, Kelly and Highfield (2009), with Brazilian companies, in the post-Real Plan. The results show differences in the regression coefficients that may be due to macro-economic specificity and typicality of Brazilian economic sectors. This study contributes to the management of working capital, and opens prospects for alternatives to traditional methods of quantification of the WCR.
Descrição
Palavras-chave
capital de giro , ciclos operacionais , determinantes operacionais , determinantes financeiros , setor econômico , working capital , operational cycles , operational determinants , financial determinants , economic sector