Financial management pharmaceutical companies in the municipality bolivariano of Jesús Enrique Lossada
DOI:
https://doi.org/10.22519/22157360.897Keywords:
Working capital, pharmaceutical companies, long-term financing, financial management, long-term investmentAbstract
This research aims to describe the financial management of pharmaceutical companies in the Municipality Jesus Enrique Lossada Bolivarian Zulia state. Methodologically it is descriptive with field design, transversal and not experimental. The population consisted of 11 pharmacies registered in the Municipal Register of the Bolivarian Mayor of Ciudad Lossada, the state Zulia (Venezuela) in May 2015. However, when addressing them only seven (7) of them were actively operating. The results show that working capital, the companies studied pay special attention to cash management, inventory turnover, turnover of accounts payable and the use of short-term loans. On the other hand, long-term investments are especially made for the acquisition, improvement and / or replacement of fixed assets. could also be known that bank lending is the main source of long-term financing to which resort. Finally, the strengthening of long-term investments in technology and training of human talent is suggested. Also the diversification of sources of funding to maintain active operations by addressing the national crisis.
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