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- Title
Indicadores de liquidez e solvência da Demonstração do Fluxo de Caixa e os tradicionais: uma aplicação da análise de correlação canónica nas empresas listadas na BM&FBovespa.
- Authors
Baú Dal Magro, Cristian; di Domenico, Daniela; Hein, Nelson
- Abstract
The adoption of international accounting standards, the passage of Law 11.638/07 and the creation of the committee of accounting pronouncements have required the publication of a cash flow statement by Brazilian companies. The cash flow statement can be used to analyze the liquidity and solvency of organizations, and the same occurs with the traditional statements. The goal of the present study is to assess the association between the set of traditional liquidity and solvency indicators and the liquidity and solvency indicators that can be constructed from the cash flow statement for companies listed at the BM&FBovespa. The sample comprises 81 companies listed at levels 1,2 and the New Market at the exchange. Data analysis was performed using multivariate exploratory analysis with the application of canonical correlation. It is concluded that there is a moderate positive association, at the 5% significance level, between the two sets of liquidity and solvency indicators.
- Subjects
BRAZIL; ACCOUNTING laws; ACCOUNTING standards; CASH flow statements; LIQUIDITY (Economics); STOCK exchanges; B3-Brasil Bolsa Balcao SA; CANONICAL correlation (Statistics); LAW
- Publication
Revista de Economia e Administração, 2014, Vol 13, Issue 1, p97
- ISSN
1676-7608
- Publication type
Article
- DOI
10.11132/rea.2013.709