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Estrés financiero en el sector manufacturero de Ecuador

Author

Listed:
  • Freddy Benjamín Naula-Sigua
  • Diana Jackeline Arévalo-Quishpi
  • Jorge Andrés Campoverde-Picón
  • Josselyn Patricia López-González

Abstract

El presente artículo clasifica a las empresas manufactureras del Ecuador en empresas con estrés financiero (ECE) y sin estrés financiero (ESE). Para tal efecto, se clarifica el significado de estrés financiero y el criterio bajo el cual una empresa sería clasificada como ECE o ESE. Además, se recurre a dos modelos ampliamente utilizados en el medio: el análisis discriminante múltiple y la regresión logística, basados en los trabajos previos de Altman y Ohlson, respectivamente. El estudio se enfoca en las empresas del sector manufacturero ecuatoriano durante el periodo 2014-2018. Se destaca que uno de los hallazgos principales es que, en algunos casos, los signos de los coeficientes de los modelos estimados difieren de los modelos originales de Altman y Ohlson. Sin embargo, en ambos casos, las tasas de precisión de este estudio son mayores que las de los modelos originales. Finalmente, se encontró que las microempresas son las que presentan mayor estrés en sentido financiero.

Suggested Citation

  • Freddy Benjamín Naula-Sigua & Diana Jackeline Arévalo-Quishpi & Jorge Andrés Campoverde-Picón & Josselyn Patricia López-González, 2020. "Estrés financiero en el sector manufacturero de Ecuador," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 12(2), pages 461-490, August.
    • Handle: RePEc:col:000443:019648
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    References listed on IDEAS

    as
    1. Ahmad, Abd Halim, 2019. "What factors discriminate reorganized and delisted distressed firms: Evidence from Malaysia," Finance Research Letters, Elsevier, vol. 29(C), pages 50-56.
    2. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    3. Edward I. Altman, 1968. "The Prediction Of Corporate Bankruptcy: A Discriminant Analysis," Journal of Finance, American Finance Association, vol. 23(1), pages 193-194, March.
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    More about this item

    Keywords

    análisis discriminante múltiple; Ecuador; estrés financiero; manufactura; regresión logística.;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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