The influence of working capital on business performance in the bicycle industry of Portugal and Spain

Abstract

The purpose of the study was to do a literature review that examined the influence of working capital management on business performance in Portugal and Spain in the bicycle industry. Data was extracted from the data base SABI of 111 businesses located in both Portugal and Spain from which only 51 were selected due to excessive missing data for the periods 2013-2017. Data was analyzed using SPSS, correlation and multiple regression. The findings show that there is strong negative relationship between inventory, cash conversion cycle, account receivable days and gross operating income.

O estudo aborda uma revisao de literatura que enquadra a influência so capital circulante no desempenho das empresas em Portugal e Espanha no setor de bicicletas. Os dados foram extraídos da base de dados SABI de 111 empresas localizadas em Portugal e Espanha, das quais apenas 51 foram selecionadas devido ao excesso de dados em falta para os períodos de 2013-2017. Os resultados da analyse mostram que existe uma forte relação negativa entre o inventário, ciclo de tesouraria, contas a receber e o resultado operacional.