Liquidez ponderada versus liquidez tradicional: uma análise das empresas listadas na B3

Abstract

Working capital management is essential to maintain the balance between payments and income on a company. According to this, the liquidity indicators have a large participation of the financial control, since it reveals the capacity to fulfill the assumed obligations. However, the fact that they are static ends up limiting their potential in the decision-making process by the stakeholders. The goal of this research was to identify whether there is a relevant difference between the traditional liquidity indexes and the weighted liquidity indexes of the companies listed in B3 during 2018. In order to achieve this, the Mann-Whitney statistical test was used. The test results show a statistically significant difference between traditional current liquidity and current weighted liquidity at the 5% level. Among the traditional and weighted dry liquidity indexes, the difference is statistically significant at the 10% level. Besides, the results revealed that the correlation coefficients of liquidity and profitability are higher among the weighted indexes than among the traditional ones, and these results may have an impact on the decision-making process of the companies.