Gestão de tesouraria: impacto das políticas de financiamento de curto prazo na rentabilidade de capitais próprios - o caso da Toyota de Moçambique Sarl: 2006-2007

Abstract

The present work aims to evaluate the impact of short-term financing policies on companies' return on equity. The reason for carrying out this research is the fact that financing is a strategy chosen by many companies to develop their activities, in order to maximize the company's profit and value. To carry out the research it was necessary to use several bibliographical materials, consult documents belonging to toyota de mozambique, interview different financial specialists and finally a case study was carried out in toyota de mozambique sa Research carried out , it was found that the company manages to reconcile liquidity and profitability through short-term financing, as this allows the company to have the necessary availability for the normal development of the company's activities and contributes to the increase in operating income and income and the increase in operating income and net income is having a positive impact on the return on equity, that is, the short-term financing policy is having a positive impact on the company's return on equity. Thus, if the sales-to-order assumption prevails, the increase in short-term financing will have a positive impact on the company's return on equity, that is, it will contribute to increasing the company's value. The main limitation of the research is that it does not present general conclusions about the impact of short-term financing, as it was not possible to collect information from other companies in the sector, the study being limited to the analysis of toyota de mozambique