Crecimiento económico y flujos de efectivo en las empresas del sector servicios de Cundinamarca
Through this thesis research, which aims to measure the existing relational effect between economic growth and cash flows of the service sector in the department of Cundinamarca it is exposed. And from there propose a model that allows the prediction of future cash flows by reference to economic growth. For this work focuses on 328 companies in the sector and department in question, which have been reporting their accounting and financial statements, all loa years, from 1995 to the superintendency of companies. Becoming the basic source these underlying empirical and statistically the results of this investigation Prior to the development of simple regression model and relational obtaining the effect of the two variables of study; a theoretical compiled from the various investigations that have been made concerning the two variables under study was presented. In the first instance by the concepts and principles that have made financial science on cash flow, and contributions in relation to the construction of models and relationships with the different variables of the economy. Also I was investigated about economic growth, taking as main reference the Solow model and its theoretical development on growth. This in order to present the factors that relate to these two variables and on which the liquids will play a predominant role, which is also analyzed with special emphasis in this investigation. Under these theoretical premises, the fact is evident, that have not yet been advanced research function to relate the two key variables of work. And even less that have been used as the basis for a new model. So there is a theoretical vacuum which explains the rationale for this work. Finally, the work provides a characterization of the economic sector on which rests the investigation. Through a historical overview of the services sector in the department of Cundinamarca, and a qualitative analysis that compares the results of cash flow in recent years and its relationship with economic development in the same sector, for the given period; from the prevailing economic aspects of Cundinamarca recent history, with their respective conclusions and recommendations.