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El Estado De Flujos De Tesorería Según Las Etapas Del Ciclo De Vida De La Empresa: Una Aproximación Empírica /

Listed author(s):
  • Sánchez Alegría, S.


    (Universidad de Navarra (España))

  • Lizarraga Dalli, F.


    (Universidad de Navarra (España))

  • Glaria Aznárez, I.


    (Universidad de Navarra (España))

Registered author(s):

    El objetivo del presente estudio es buscar patrones en el comportamiento descriptivo del Estado de Flujos de Tesorería según las etapas del ciclo de vida de la empresa. Partiendo de las 4 etapas clásicas (introducción, crecimiento, madurez y declive) se contrastan hipótesis relacionadas con signos, correlaciones devengo-tesorería e importancia relativa de cada uno de los tres componentes del Estado. El cumplimiento de patrones pre-establecidos sólo se aprecia si se delimitan subniveles dentro de cada fase y conforme éstos se hacen más exigentes. Ello es consecuencia de la dificultad para precisar la etapa del ciclo en que se encuentra una empresa. / The main purpose of this paper is to look for descriptive patterns in the Cash Flow Statement as a function of life cycle stages. Considering the 4 traditional stages (introduction, growth, maturity and decline), we test hypotheses related with signs, correlations and the weight of each of the three components of the Statement. Pre-established patterns are only appreciated with clarity if we specify sub-levels within each of the stages and as these become narrower. This is a consequence of the difficulty to accurately classify a firm in one of the life cycle stages.

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    Article provided by Academia Europea de Dirección y Economía de la Empresa (AEDEM) in its journal Investigaciones Europeas de Dirección y Economía de la Empresa.

    Volume (Year): 14 (2008)
    Issue (Month): 2 ()
    Pages: 211-227

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    Handle: RePEc:idi:jiedee:v:14:y:2008:i:2:p:211-227
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    Investigaciones Europeas de Dirección y Economía de la Empresa, Facultad de Ciencias Económicas y Empresariales, Universidad de Vigo, Lagoas - Marcosende s/n, E-36310, Vigo, Pontevedra, España

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