The relative financial efficiency of Brazilian firms and American firms in the manufacturing sector: A ratio analysis
The relative financial efficiency of Brazilian firms and American firms in the manufacturing sector: A ratio analysis
This paper evaluates the relative financial efficiency of twenty three matched-pairs of U.S. firms and Brazilian (BR) firms. In this study, efficiency is measured in terms of profitability, debt management, asset management, and liquidity management. Paired comparison is employed and ten hypotheses are tested on the basis of the defined ratios. Because matched pairs are used, an appropriate test is the Wilcoxon matched-pairs signed-ranked test. All the data for the study were compiled by the aut