Journal of Economics, Management and Trade

This study aimed at analyzing the cash flows of some companies in Risaralda of the industrial sector in the 2002-2011 period, in their operating, financing and investing activities, as well as at determining their relationship with the regional economic environment during the same period. The mentioned relationship is represented by economic variables such as Gross Domestic Product, unemployment, interest rates and financial indices such as the Colombia Stock Exchange General Index (IGBC), Consumer Price Index (CPI), Representative Market Exchange Rate (MER) and Fixed Term Deposit (FDT), which were analyzed and explained based on the information to the Superintendency of Corporations. To achieve the goal of the study, a documentary, descriptive and correlational research was carried out by debugging cash flow accounts of financing, investment, operation, and total flow cash and by correlating them with the time series of macroeconomic variables of Risaralda, through statistical packages such as SPSS and tools such as Excel. In the main results of this study, a significant relationship between cash flows and regional GDP was not found. Although the industrial sector contributes to GDP, it is no longer the main actor; it is displaced by sectors such as services and trade. The analysis carried out in the industrial sector showed that net cash flows had positive and negative variations, which generated resources related to the liquidity of companies. The 12 analyzed industrial companies of Risaralda achieved positive profitability, which had an average of 8.29% for the 2002 – 2011 cycle.