Aplicação do índice de Treynor nas PME do sector logístico colombiano período: 2019-2023
DOI:
https://doi.org/10.22267/rtend.252602.274Palavras-chave:
gestão financeira, correlação, lucro, gestão de riscos, retornoResumo
Introdução: Na Colômbia, as pequenas e médias empresas (PMEs) operam em um ambiente econômico volátil, o que as expõe significativamente ao risco sistemático. Portanto, é fundamental ter ferramentas para avaliar seu desempenho financeiro ajustado ao risco. Objetivo: analisar a viabilidade do índice Treynor como uma ferramenta para medir a compensação de riscos em PMEs do setor de agenciamento de cargas. Metodologia: usando uma abordagem quantitativa, os dados financeiros de 59 empresas representativas foram examinados usando modelos de regressão de efeitos fixos e aleatórios e testes de hipóteses. Resultados: os resultados indicam que, em média, a lucratividade dessas PMEs não compensa adequadamente o risco sistemático ao qual estão expostas. No entanto, verificou-se que o índice de Treynor pode ser adaptado às características específicas do setor de logística, o que sugere sua utilidade como ferramenta de gerenciamento de risco. Conclusão: Transferir o uso do índice de Treynor das finanças de mercado para as finanças corporativas é uma alternativa válida para melhorar a competitividade financeira das PMEs de logística colombianas, fornecendo uma maneira objetiva de avaliar a relação entre risco e retorno.
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