O impacto do Working Capital na rentabilidade: análise de empresas vitivinícolas de Portugal, Espanha, França e Itália
Miniatura indisponível
Data
2019
Autores
Título da revista
ISSN da revista
Título do Volume
Editora
Resumo
O Working Capital é uma ferramenta fundamental na gestão das empresas. Deloof (2003)
estudou o impacto deste nas empresas da Bélgica e concluiu que existe uma relação com a
rentabilidade das empresas. Lazaridis (2006) encontrou também uma relação entre o Working
Capital (WCM) e a rentabilidade das empresas da Grécia. O objetivo deste estudo é
encontrar a relação entre a rentabilidade das empresas vitivinícolas de Portugal, Espanha,
França e Itália e a sua rentabilidade através da correlação de Pearson e de redes neuronais.
Os dados foram obtidos através da base de dados europeia “Amadeus” e foram estudadas
324 empresas após a remoção de outliers. As redes neuronais são um tópico abordado cada
vez mais no âmbito empresarial e é uma ferramenta que tenta encontrar a melhor forma de se
prever o resultado baseando-se nas variáveis estudadas. Através deste estudo encontrou-se
que existe uma correlação negativa entre o Ciclo Operacional e a rentabilidade das empresas
francesas, uma correlação negativa entre o Prazo Médio de Recebimento e a rentabilidade
das empresas italianas e uma correlação positiva entre o Ciclo de Conversão de Caixa e a rentabilidade
das empresas portuguesas. A rede neuronal utilizada neste estudo não foi capaz
de gerar uma previsão exata. No entanto, consegue prever uma tendência para as variáveis
do Working Capital.
Working Capital is a key tool in business management. Deloof (2003) studied the impact of this on Belgium companies and concluded that there is a relationship with the profitability of companies. Lazaridis (2006) also found a relationship between the WCM and the profitability of Greek companies. The objective of this study is to find the relationship between the profitability of wine companies of Portugal, Spain, France and Italy and their profitability through the Pearson correlation and neural networks. The data used was obtained from the European database - “Amadeus” and 324 companies were studied after the removal of outliers. Neural networks are a topic that is increasingly addressed in the business environment and is a tool that tries to find the best way to predict the result based on the studied variables. Through this study it was found that there is a negative correlation between the Operational Cycle and the profitability of the French companies, a negative correlation between Days Sales Outstanding and the profitability of Italian companies and a positive correlation between the Cash Conversion Cycle and profitability of Portuguese companies. The neural network used in this study was not able to generate an accurate prediction. However, it can predict a trend for the Working Capital variables.
Working Capital is a key tool in business management. Deloof (2003) studied the impact of this on Belgium companies and concluded that there is a relationship with the profitability of companies. Lazaridis (2006) also found a relationship between the WCM and the profitability of Greek companies. The objective of this study is to find the relationship between the profitability of wine companies of Portugal, Spain, France and Italy and their profitability through the Pearson correlation and neural networks. The data used was obtained from the European database - “Amadeus” and 324 companies were studied after the removal of outliers. Neural networks are a topic that is increasingly addressed in the business environment and is a tool that tries to find the best way to predict the result based on the studied variables. Through this study it was found that there is a negative correlation between the Operational Cycle and the profitability of the French companies, a negative correlation between Days Sales Outstanding and the profitability of Italian companies and a positive correlation between the Cash Conversion Cycle and profitability of Portuguese companies. The neural network used in this study was not able to generate an accurate prediction. However, it can predict a trend for the Working Capital variables.
Descrição
Orientação: Maria Teresa Ribeiro Candeias
Palavras-chave
MESTRADO EM GESTÃO, GESTÃO DE EMPRESAS, GESTÃO, FUNDO DE MANEIO, RENTABILIDADE, INDÚSTRIA VINÍCOLA, BUSINESS MANAGEMENT, MANAGEMENT, WORKING CAPITAL, PROFITABILITY, WINE INDUSTRY, PORTUGAL, ESPANHA, SPAIN, ITÁLIA, ITALY, FRANÇA, FRANCE, CICLO DE CONVERSÃO DE CAIXA, CASH CONVERSION CYCLE, PORTUGAL