Examinando por Materia "Apalancamiento operativo y financiero"

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    Ítem
    Estimación del riesgo de crédito en empresas del sector real en Colombia
    (Universidad EAFIT, 2010) Sepúlveda Rivillas, Claudia; Reina Gutiérrez, Walter; Gutiérrez Betancur, Juan Carlos
    This paper proposes a Probit Model for unbalanced panel data with random effects to estimate the probability of bankruptcy (default) of the real sector firms in Colombia, to be used in the inferring of credit risk, taking information of solvent and in financial distress firms, existing in databases of the Superintendencia de Sociedades and B.P.R, for the period 2002‐2008. The development of the work started with a fundamental analysis, focusing on indicators of profitability, leverage, liquidity and solvency proposed by Penman (2010). This research emphasizes the operational and financial leverage, found that these indicators as well as the solvency have a statistically significant influence on the probability of bankruptcy. Another finding is that belonging to construction and manufacturing sectors, increases the bankruptcy likelihood, while belonging to the transport sector diminishes it.
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    Ítem
    Estimación del riesgo de crédito para empresas del sector real en Colombia
    (Universidad ICESI, 2012) Sepúlveda Rivillas, Claudia; Reina Gutiérrez, Walter; Gutiérrez Betancur, Juan Carlos; Docente, Universidad de Antioquia, Colombia; Docente, Universidad de Antioquia, Colombia; Docente, Universidad Eafit, Colombia; Economía y Finanzas; Finanzas; Grupo de Investigación Finanzas y Banca
  • No hay miniatura disponible
    Ítem
    Estimación del Riesgo de crédito para empresas del sector real en Colombia
    (Universidad EAFIT, 2012-12-12) Sepúlveda Rivillas, Claudia; Reina Gutiérrez, Walter; Gutiérrez Betancur, Juan Carlos
    The objective of this research is to proposed a Probit Model for unbalanced panel data with random effects to estimate the probability of bankruptcy in the real sector firms in Colombia, to infer of credit risk of solvent and in financial distress firms, taking information from solvent companies and financial stress, the databases of the Superintendency of Companies, and BPR, since 2002-2008. Was based on the fundamental analysis, focusing on indicators of profitability, leverage, liquidity and solvency proposed by Penman (2010). The contribution of this research is the emphasis on operating and financial leverage and its effect on the probability of bankruptcy. Like main finding is highlights the less harmful effect of operating leverage in front the impact of financial leverage in times of crisis.