Measurement of efficiency in the construction industry and its relationship with working capital

Autores
Córdova, León José Fernando; Alberto, Catalina Lucía
Año de publicación
2018
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
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
Materia
Data envelopment analysis
Working capital
Construction
Efficiency
Financial índices
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Repositorio
Repositorio Digital Universitario (UNC)
Institución
Universidad Nacional de Córdoba
OAI Identificador
oai:rdu.unc.edu.ar:11086/546256
Acceder
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oai_identifier_str oai:rdu.unc.edu.ar:11086/546256
network_acronym_str RDUUNC
repository_id_str 2572
network_name_str Repositorio Digital Universitario (UNC)
spelling Measurement of efficiency in the construction industry and its relationship with working capitalCórdova, León José FernandoAlberto, Catalina LucíaData envelopment analysisWorking capitalConstructionEfficiencyFinancial índicesFil: 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/publishedVersionFil: 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 Industrialhttps://orcid.org/0000-0001-9000-83882018info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdf0718-5073http://hdl.handle.net/11086/546256enghttps://www.ricuc.cl/index.php/ric/article/view/700info:eu-repo/semantics/openAccessreponame:Repositorio Digital Universitario (UNC)instname:Universidad Nacional de Córdobainstacron:UNC2025-09-04T12:33:31Zoai:rdu.unc.edu.ar:11086/546256Institucionalhttps://rdu.unc.edu.ar/Universidad públicaNo correspondehttp://rdu.unc.edu.ar/oai/snrdoca.unc@gmail.comArgentinaNo correspondeNo correspondeNo correspondeopendoar:25722025-09-04 12:33:31.441Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdobafalse
dc.title.none.fl_str_mv 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
spellingShingle Measurement of efficiency in the construction industry and its relationship with working capital
Córdova, León José Fernando
Data envelopment analysis
Working capital
Construction
Efficiency
Financial índices
title_short 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_sort Measurement of efficiency in the construction industry and its relationship with working capital
dc.creator.none.fl_str_mv Córdova, León José Fernando
Alberto, Catalina Lucía
author Córdova, León José Fernando
author_facet Córdova, León José Fernando
Alberto, Catalina Lucía
author_role author
author2 Alberto, Catalina Lucía
author2_role author
dc.contributor.none.fl_str_mv https://orcid.org/0000-0001-9000-8388
dc.subject.none.fl_str_mv Data envelopment analysis
Working capital
Construction
Efficiency
Financial índices
topic Data envelopment analysis
Working capital
Construction
Efficiency
Financial índices
dc.description.none.fl_txt_mv 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
description Fil: Córdova, León José Fernando. Universidad del Azuay. Facultad de Diseño. Escuela de Arquitectura; Ecuador.
publishDate 2018
dc.date.none.fl_str_mv 2018
dc.type.none.fl_str_mv info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
status_str publishedVersion
format article
dc.identifier.none.fl_str_mv 0718-5073
http://hdl.handle.net/11086/546256
identifier_str_mv 0718-5073
url http://hdl.handle.net/11086/546256
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://www.ricuc.cl/index.php/ric/article/view/700
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositorio Digital Universitario (UNC)
instname:Universidad Nacional de Córdoba
instacron:UNC
reponame_str Repositorio Digital Universitario (UNC)
collection Repositorio Digital Universitario (UNC)
instname_str Universidad Nacional de Córdoba
instacron_str UNC
institution UNC
repository.name.fl_str_mv Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdoba
repository.mail.fl_str_mv oca.unc@gmail.com
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score 13.13397

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