Publicado Dec 5, 2018



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Tarcísio Pedro da Silva http://orcid.org/0000-0002-2370-791X

Leonardo Bernardi Rohenkohl

Luana Sara Bizatto http://orcid.org/0000-0002-2259-989X

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Resumen

El objetivo de este estudio es analizar la relación entre la holgura financiera e el desempeño económico en empresas cincuentenarias y no cincuentenarias. El propósito es fomentar las investigaciones que tengan en consideración las diferencias entre empresas con distinto tiempo de permanencia en el mercado, debido a que existe escasez de investigaciones que consideren la antigüedad de la empresa. Para la realización del estudio fueron consultadas empresas enlistadas en los indicadores Índice Brasil 100 (IBrx-100)
e Índice de Gobernanza Corporativa – Nuevo Mercado (IGC-NM), de la Bolsa de Valores, Mercancías y Futuros de São Paulo, con una muestra de 78 empresas no cincuentenarias y 34 empresas cincuentenarias. Por medio de la estadística descriptiva y de la correlación canónica, se concluyó que tanto en empresas cincuentenarias como no cincuentenarias la holgura financiera tiene relación con el desempeño económico. Así, las empresas cincuentenarias poseen un grado de relación más fuerte entre los dos conjuntos de indicadores que las no cincuentenarias. De esta forma, es posible que las empresas deban considerar su tiempo en el mercado, es decir, el grado de estabilidad y madurez que poseen, para comprender el menor o mayor uso de la holgura financiera con el propósito de elevar sus desempeños económicos, una vez que una mayor relación entre la holgura financiera y el desempeño económico es perceptible en empresas con más de 50 años.

Keywords

financial slack, economic performance, companies above 50 years old, companies below 50 years oldholgura financiera, desempeño económico, empresas cincuentenarias, empresas no cincuentenariafolga financeira, desempenho econômico, empresas cinquentenárias, empresas não cinquentenári

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Cómo citar
da Silva, T. P., Rohenkohl, L. B., & Bizatto, L. S. (2018). Relación entre holgura financiera y desempeño económico en empresas cincuentenarias y no cincuentenarias. Cuadernos De Contabilidad, 19(47), 130–148. https://doi.org/10.11144/Javeriana.cc19-47.ffde
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