WORKING CAPITAL MANAGEMENT AND FINANCING IN THE ECUADORIAN EXTRACTIVE SECTOR
Keywords:
Finance, Mining, EcuadorAbstract
This article analyzes the variables of working capital of mining companies in Ecuador in the period 2012 - 2017 and their impact on profitability. Sixty-two companies were examined and through a panel data econometric regression, the economic and financial profitability were related to the average collection period, average payment period, cash conversion cycle, liquidity, asset indebtedness, size, sales turnover and leverage. It was evident that both the ROE and ROA of mining companies in Ecuador only depend on the average collection period, with the rest of the working capital elements being non-influential to explain the profitability of extractive companies.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2018 Ph. D. Ángel Higuerey Gómez, Ph. D. Reinaldo Armas Herrera, Mg. Nelson Chávez Alvear
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant Revista Inclusiones the right of publication under Creative Commons Attribution 4.0 International (CC BY 4.0). This allows use, distribution, and reproduction in any medium, provided proper attribution is given to the author.
