La relación entre liquidez, rentabilidad y solvencia: Una investigación empírica por el modelo de ecuaciones estructurales

Dante Domingo Terreno; Jorge Orlando Peréz; Silvana Andrea Sattler

doi:10.17533/udea.rc.n77a01

Autores/as

Dante Domingo Terreno Universidad Católica de Córdoba https://orcid.org/0000-0003-4400-8058
Jorge Orlando Peréz Universidad Católica de Córdoba https://orcid.org/0000-0001-5974-6024
Silvana Andrea Sattler Universidad Católica de Córdoba https://orcid.org/0000-0002-9900-9085

DOI:

https://doi.org/10.17533/udea.rc.n77a01

Palabras clave:

liquidea, rentabilidad, endeudamiento, SEM, inventarios

Resumen

El objetivo del estudio fue determinar la relación de la liquidez con la rentabilidad y solvencia en empresas que cotizan en el Mercado de Valores de Buenos Aires, por el Modelo de Ecuaciones Estructurales. Los resultados indican que las empresas con mayor capital corriente tienen una mayor rentabilidad, lo cual obedece a una actitud cortoplacista del empresario argentino donde la mayor inversión es efectuada en inventarios. La relación entre liquidez y el endeudamiento a largo plazo es negativa, las empresas con mayor endeudamiento de largo plazo tienen un menor capital corriente. Lo cual obedece a que el costo de los pasivos obliga a reducir al mínimo el activo corriente y, además, las empresas con necesidad de financiamiento utilizan fuentes de largo y corto plazo.

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