Measurement of efficiency in the construction industry and its relationship with working capital
Fil: Córdova, León José Fernando. Universidad del Azuay. Facultad de Diseño. Escuela de Arquitectura; Ecuador.
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | info:eu-repo/semantics/publishedVersion |
| Language: | eng |
| Published: |
2023
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/11086/546256 |
| _version_ | 1801214728004960256 |
|---|---|
| author | Córdova, León José Fernando Alberto, Catalina Lucía |
| author2 | https://orcid.org/0000-0001-9000-8388 |
| author_facet | https://orcid.org/0000-0001-9000-8388 Córdova, León José Fernando Alberto, Catalina Lucía |
| author_sort | Córdova, León José Fernando |
| collection | Repositorio Digital Universitario |
| description | Fil: Córdova, León José Fernando. Universidad del Azuay. Facultad de Diseño. Escuela de Arquitectura; Ecuador. |
| format | info:eu-repo/semantics/publishedVersion |
| id | rdu-unc.546256 |
| institution | Universidad Nacional de Cordoba |
| language | eng |
| publishDate | 2023 |
| record_format | dspace |
| spelling | rdu-unc.5462562023-08-30T13:17:16Z Measurement of efficiency in the construction industry and its relationship with working capital Córdova, León José Fernando Alberto, Catalina Lucía https://orcid.org/0000-0001-9000-8388 Data envelopment analysis Working capital Construction Efficiency Financial índices info:eu-repo/semantics/publishedVersion Fil: Córdova, León José Fernando. Universidad del Azuay. Facultad de Diseño. Escuela de Arquitectura; Ecuador. Fil: Alberto, Catalina Lucía. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Alberto, Catalina Lucía. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Centro de Investigaciones en Ciencias Económicas; Argentina. This investigation seeks to determine the relationship between working capital as a financial measure and the efficiency level of construction companies. The study sample is intentional, with 58 participating companies, from which the financial information was obtained in a time horizon of four years (2011-2014). In the first stage efficiency was assessed using Data Envelopment Analysis (DEA), and in the second stage Tobit regression model was applied in order to identify the relationship between the variables. Efficiency levels evaluated show a reduction in the average efficiency in the construction sector for the years 2012 and 2013, and the regression results do highlight a positive link between efficiency and working capital for all years, which indicates that a common financial strategy based on reducing working capital does not lead to an increase in the efficiency level of construction firms. This research can benefit not only Ecuadorian construction companies, but others who wish to improve their competitive advantage based on their financial information. info:eu-repo/semantics/publishedVersion Fil: Córdova, León José Fernando. Universidad del Azuay. Facultad de Diseño. Escuela de Arquitectura; Ecuador. Fil: Alberto, Catalina Lucía. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Alberto, Catalina Lucía. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Centro de Investigaciones en Ciencias Económicas; Argentina. Organización Industrial 2023-02-23T22:03:53Z 2023-02-23T22:03:53Z 2018 article 0718-5073 http://hdl.handle.net/11086/546256 eng https://www.ricuc.cl/index.php/ric/article/view/700 Reconocimiento 4.0 Internacional. http://creativecommons.org/licenses/by/4.0/ Electrónico y/o Digital |
| spellingShingle | Data envelopment analysis Working capital Construction Efficiency Financial índices Córdova, León José Fernando Alberto, Catalina Lucía Measurement of efficiency in the construction industry and its relationship with working capital |
| title | Measurement of efficiency in the construction industry and its relationship with working capital |
| title_full | Measurement of efficiency in the construction industry and its relationship with working capital |
| title_fullStr | Measurement of efficiency in the construction industry and its relationship with working capital |
| title_full_unstemmed | Measurement of efficiency in the construction industry and its relationship with working capital |
| title_short | Measurement of efficiency in the construction industry and its relationship with working capital |
| title_sort | measurement of efficiency in the construction industry and its relationship with working capital |
| topic | Data envelopment analysis Working capital Construction Efficiency Financial índices |
| url | http://hdl.handle.net/11086/546256 |
| work_keys_str_mv | AT cordovaleonjosefernando measurementofefficiencyintheconstructionindustryanditsrelationshipwithworkingcapital AT albertocatalinalucia measurementofefficiencyintheconstructionindustryanditsrelationshipwithworkingcapital |