Leverage and profitability: case study in a Peruvian textile company
The literature shows that leverage is a factor that motivates business growth, the different levels of debt are oriented to either the lowest cost or the term and are decisive to create greater value for the company. Considering these points, this study aims to determine the relationship between lev...
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| Publicado en: | Revista de Investigación Valor Contable |
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| Autores principales: | , , |
| Formato: | Artículo de revista |
| Lenguaje: | español |
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Universidad Peruana Unión
2020
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| Acceso en línea: | Ver en el sistema de origen |
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| _version_ | 1881695147546116096 |
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| author | Apaza Zuta, Eithne Sheila Salazar Salome, Elizabeth Olga Lazo Palacios, Merlin Arturo |
| author_browse | Apaza Zuta, Eithne Sheila Lazo Palacios, Merlin Arturo Salazar Salome, Elizabeth Olga |
| author_facet | Apaza Zuta, Eithne Sheila Salazar Salome, Elizabeth Olga Lazo Palacios, Merlin Arturo |
| author_sort | Apaza Zuta, Eithne Sheila |
| collection | Revistas |
| container_title | Revista de Investigación Valor Contable |
| description | The literature shows that leverage is a factor that motivates business growth, the different levels of debt are oriented to either the lowest cost or the term and are decisive to create greater value for the company. Considering these points, this study aims to determine the relationship between leverage and profitability in a textile industrial company in Santa Anita, from the period of 2014 to 2017. The study follows a non-experimental correlational design, developed through a non-probabilistic sample for convenience, formed by 48 monthly financial statements. The results determine that there is a significant and inverse relationship between operating leverage and profitability on assets, as well as between operating leverage and profitability on equity, and between operating leverage and profitability on capital employed. Likewise, it was determined that there is a significant and inverse relationship between the items of financial leverage and return on assets, financial leverage and profitability over and among the indicators of financial leverage and return on capital. Therefore, empirically, the items as a whole demonstrate considerable significance between leverage and profitability, establishing that the greater the leverage generated by the entity, its profitability has been reduced. |
| format | Online |
| id | oai:rivc.upeu.edu.pe:article/1253 |
| institution | UPeU |
| issn | 2413-5860 2410-1052 |
| language | Spanish |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | Universidad Peruana Unión |
| publisherStr | Universidad Peruana Unión |
| record_format | ojs |
| revista_str_mv | Revista de Investigación Valor Contable |
| spelling | oai:rivc.upeu.edu.pe:article/12532020-11-30T15:13:10Z Leverage and profitability: case study in a Peruvian textile company Apalancamiento y rentabilidad: caso de estudio en una empresa textil peruana Apaza Zuta, Eithne Sheila Salazar Salome, Elizabeth Olga Lazo Palacios, Merlin Arturo Apalancamiento operativo, apalancamiento financiero, activos, patrimonio, capital Operating leverage, financial leverage, assets, equity, capital The literature shows that leverage is a factor that motivates business growth, the different levels of debt are oriented to either the lowest cost or the term and are decisive to create greater value for the company. Considering these points, this study aims to determine the relationship between leverage and profitability in a textile industrial company in Santa Anita, from the period of 2014 to 2017. The study follows a non-experimental correlational design, developed through a non-probabilistic sample for convenience, formed by 48 monthly financial statements. The results determine that there is a significant and inverse relationship between operating leverage and profitability on assets, as well as between operating leverage and profitability on equity, and between operating leverage and profitability on capital employed. Likewise, it was determined that there is a significant and inverse relationship between the items of financial leverage and return on assets, financial leverage and profitability over and among the indicators of financial leverage and return on capital. Therefore, empirically, the items as a whole demonstrate considerable significance between leverage and profitability, establishing that the greater the leverage generated by the entity, its profitability has been reduced. Considerando que la literatura muestra que el apalancamiento es un factor que motiva el crecimiento empresarial, los diferentes niveles de deuda orientados ya sea al menor costo o al plazo, son determinantes para crear mayor valor para la empresa; de allí que el estudio tiene por objetivo determinar la relación entre apalancamiento y rentabilidad en una empresa industrial textil de Santa Anita, periodo 2014 al 2017. El estudio obedece un diseño correlacional no experimental, desarrollado a través de un muestro no probabilístico por conveniencia, conformado por 48 estados financieros mensualizados. Los resultados determinan que existe una relación significativa e inversa entre apalancamiento operativo y rentabilidad sobre activos, así como entre apalancamiento operativo y la rentabilidad sobre patrimonio y entre apalancamiento operativo y rentabilidad sobre capital empleado. Así mismo, se determinó que existe relación significativa e inversa entre las partidas de apalancamiento financiero y rentabilidad sobre activos; apalancamiento financiero y rentabilidad sobre; y entre los indicadores apalancamiento financiero y rentabilidad sobre capital. Por tanto, empíricamente las partidas en conjunto demuestran significancia considerable entre el apalancamiento y rentabilidad, estableciéndose que a mayor apalancamiento que ha generado la entidad se ha visto disminuida su rentabilidad. Universidad Peruana Unión 2020-03-03 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo revisado por pares application/pdf text/html https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1253 10.17162/rivc.v6i1.1253 Revista de Investigación Valor Contable; Vol. 6 Núm. 1 (2019): Revista Científica Valor Contable; 9 - 16 2413-5860 2410-1052 spa https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1253/1597 https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1253/1711 Derechos de autor 2020 Revista de Investigación Valor Contable |
| spellingShingle | Apalancamiento operativo, apalancamiento financiero, activos, patrimonio, capital Operating leverage, financial leverage, assets, equity, capital Apaza Zuta, Eithne Sheila Salazar Salome, Elizabeth Olga Lazo Palacios, Merlin Arturo Leverage and profitability: case study in a Peruvian textile company |
| title | Leverage and profitability: case study in a Peruvian textile company |
| title_alt | Apalancamiento y rentabilidad: caso de estudio en una empresa textil peruana |
| title_full | Leverage and profitability: case study in a Peruvian textile company |
| title_fullStr | Leverage and profitability: case study in a Peruvian textile company |
| title_full_unstemmed | Leverage and profitability: case study in a Peruvian textile company |
| title_short | Leverage and profitability: case study in a Peruvian textile company |
| title_sort | leverage and profitability case study in a peruvian textile company |
| topic | Apalancamiento operativo, apalancamiento financiero, activos, patrimonio, capital Operating leverage, financial leverage, assets, equity, capital |
| topic_facet | Apalancamiento operativo, apalancamiento financiero, activos, patrimonio, capital Operating leverage, financial leverage, assets, equity, capital |
| url | https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1253 |
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