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La gestión del capital de trabajo como proceso de la gestión financiera operativa


  • Selpa Navarro, Ambar Yudith
  • Espinosa Chongo, Daisy


La Gestión Financiera Operativa, es capaz de realizar la adecuada gestión del efectivo disponible, establecer los términos de crédito a conceder a los clientes que constituyan un estímulo y ello beneficie las ventas, definir adecuadamente el financiamiento corriente que minimice los costos y el manejo de los inventarios que reduzcan los costos asociados con estos y contribuya y facilite la toma de decisiones para lograr, de este modo, estabilidad o mejora en el tratamiento de los términos relacionados con el binomio rentabilidad y riesgo. La investigación se ha basado en los fundamentos teóricos relacionados con gestión, gestión por procesos y la Gestión del Capital de Trabajo, para plantear como objetivo general: Definir la Gestión del Capital de Trabajo como un proceso. The Operative Financial Management, is able to carry out the appropriate management of the available cash, to establish the credit terms to grant to the clients that constitute a stimulus and benefit the sales, to define the average financing that minimizes the costs and the handling of the inventories that reduce the costs associated with these appropriately and contribute and facilitate the taking of decisions to achieve, this way, stability or it improves in the treatment of the terms related with the binomial profitability and risk. The investigation has been based on the theoretical foundations related with management, management for processes and the Management of the Work Capital, to outline as general objective: To define the Management of the Work Capital as a process.

Suggested Citation

  • Selpa Navarro, Ambar Yudith & Espinosa Chongo, Daisy, 2009. "La gestión del capital de trabajo como proceso de la gestión financiera operativa," Gestión Joven "Revista de la Agrupación Joven Iberoamericana de Contabilidad y Administración de Empresas". Young Management "Journal of the Young Iberomerican Group of Accounting and Business Adminis, Asociación Española de Contabilidad y Administración de Empresas (AECA). Spanish Accounting and Business Administration Association., issue 4, December.
  • Handle: RePEc:ges:articl:2008-10:29-53

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    References listed on IDEAS

    1. Reinganum, Marc R., 1981. "A New Empirical Perspective on the CAPM," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 16(04), pages 439-462, November.
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    3. Varga, G., 1999. "Índice de Sharpe e outros Indicadores de Performance Aplicados a Fundos de Ações Brasileiros," Finance Lab Working Papers flwp_12, Finance Lab, Insper Instituto de Ensino e Pesquisa.
    4. Studart, Rogerio, 2000. "Financial opening and deregulation in Brazil in the 1990s Moving towards a new pattern of development financing?," The Quarterly Review of Economics and Finance, Elsevier, vol. 40(1), pages 25-44.
    5. Fonseca, Nelson & Bressan, Aureliano & Iquiapaza, Robert & Guerra, João, 2007. "Análise do Desempenho Recente de Fundos de Investimento no Brasil
      [Recent Performance Analysis of Mutual Funds in Brazil]
      ," MPRA Paper 2994, University Library of Munich, Germany.
    6. Black, Fischer, 1972. "Capital Market Equilibrium with Restricted Borrowing," The Journal of Business, University of Chicago Press, vol. 45(3), pages 444-455, July.
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