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

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

DOI:

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

Palavras-chave:

liquidez, rentabilidade, endividamento, SEM, estoque

Resumo

O objetivo do estudo foi determinar a relação da liquidez com a rentabilidade e a solvência em empresas que têm cotação no Mercado de Valores de Buenos Aires, por Modelagem de Equações Estruturais. Os resultados evidenciam que as empresas com maior capital de giro têm uma maior rentabilidade, o que obedece a uma atitude curtoprazista do empresário argentino onde o maior investimento é feito em estoque. A relação entre liquidez e o endividamento a longo prazo é negativa, as empresas com maior endividamento de longo prazo têm menor capital de giro. Devido a que o custo dos passivos obriga a reduzir aomínimo oativo corrente e, além disso, as empresas com necessidade de financiamento utilizam fontes de longo e curto prazo.

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