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Eficiencia financiera y desempeño exportador: una aproximación empírica

dc.contributor.authorValencia Cárdenas, Marisol
dc.contributor.authorLondoño Montoya , Luisa Fernanda
dc.contributor.authorVanegas López , Juan Gabriel
dc.contributor.authorRamírez Córdoba, Gloria Lucía
dc.contributor.authorLópez Cadavid, Diego Alejandro
dc.date.accessioned2021-12-22T21:59:16Z
dc.date.available2021-12-22T21:59:16Z
dc.date.created2021-07-12
dc.identifier.issn0120-6346
dc.identifier.urihttp://hdl.handle.net/11407/6810
dc.descriptionConsiderando el crecimiento de los negocios internacionales a raíz de los procesos de globalización de las economías, este estudio tiene como objetivo evaluar la relación entre las exportaciones y la eficiencia financiera de un conjunto de empresas colombianas durante el periodo comprendido entre 2007 y 2015. Para ello, se emplearon modelos lineales mixtos y modelos estocásticos de fronteras eficientes para identificar la importancia del activo corriente, la rentabilidad neta del activo y la duración de las empresas. De esta manera, los resultados mostraron un aporte positivo del activo corriente frente al desempeño exportador, mientras que la rentabilidad neta del activo y la duración de las empresas obtuvieron un comportamiento negativo respecto a este. El hecho de que la importancia del activo corriente guarde una relación positiva con el desempeño exportador, indica que a medida que aumenta el valor exportado, aumenta el activo corriente, probablemente a través de las cuentas de inventario y cuentas por cobrar. Asimismo, que la rentabilidad sobre los activos tenga una relación negativa muestra que es posible que las empresas estén incurriendo en altos costos de exportación que hacen disminuir sus utilidades y consecuentemente su rentabilidad.spa
dc.description.abstractConsidering the growth of international business due to the globalization processes of economies, this study aims to evaluate the relationship between exports and the financial efficiency of a set of Colombian firms during the period between 2007 and 2015. For this purpose, linear mixed models and stochastic frontier analysis were used to identify the importance of current assets, the net return on assets and the duration of the companies. Thus, the results showed a positive contribution of current assets to export performance, while net asset profitability and firm duration showed a negative behavior with respect to the latter. The fact that the importance of current assets is positively related to export performance indicates that as the value exported increases, current assets increase, probably through inventory accounts and receivables. Likewise, the fact that the return on assets has a negative relationship shows that companies may be incurring high export costs that decrease their profits and consequently their profitability.eng
dc.format.extentp. 77-103
dc.format.mediumElectrónico
dc.format.mimetypeapplication/pdf
dc.format.mimetypePDF
dc.language.isospa
dc.publisherUniversidad de Medellín
dc.relation.ispartofseriesSemestre Económico, Vol. 24 Núm. 56 (2021)
dc.relation.haspartSemestre Económico, Vol. 24 Núm. 56 enero-junio 2021
dc.relation.urihttps://revistas.udem.edu.co/index.php/economico/article/view/3609
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/*
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0*
dc.sourceSemestre Económico, Vol. 24 Núm. 56 (2021): enero-junio, 77-103
dc.subjectFronteras estocásticasspa
dc.subjectModelos lineales mixtosspa
dc.subjectDesempeño exportadorspa
dc.subjectEficiencia financieraspa
dc.titleEficiencia financiera y desempeño exportador: una aproximación empíricaspa
dc.typeArticle
dc.identifier.doihttps://doi.org/10.22395/seec.v24n56a3
dc.subject.keywordStochastic frontier analysiseng
dc.subject.keywordLinear mixed modelseng
dc.subject.keywordExport performanceeng
dc.subject.keywordFinancial efficiencyeng
dc.relation.citationvolume24
dc.relation.citationissue56
dc.relation.citationstartpage77
dc.relation.citationendpage103
dc.audienceComunidad Universidad de Medellín
dc.publisher.facultyFacultad de Ciencias Económicas y Administrativas
dc.coverageLat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degreesLong: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.placeMedellín
dc.description.resumoConsiderando o crescimento dos negócios internacionais em consequência da globalização das economias, este estudo tem como objetivo avaliar a relação entre as exportações e a eficiência financeira de um grupo de empresas colombianas durante o período compreendido entre 2007 e 2015. Para isso, utilizou-se modelos lineais mistos e modelos estocásticos de fronteiras eficientes para identificar a importância do ativo circulante, a rentabilidade líquida do ativo e a duração das empresas. Desta maneira, os resultados mostraram uma contribuição positiva do ativo comum contra o desempenho exportador, enquanto que a rentabilidade líquida do ativo e a duração das empresas obtiveram um comportamento negativo sobre este. O fato de que a importância do ativo comum guarde uma relação positiva com o desempenho exportador, indica que a medida que aumenta o valor exportado, aumenta o ativo comum, provavelmente através das contas de inventario e contas a cobrar. Igualmente, que a rentabilidade sobre os ativos tenha uma relação negativa mostra que é possível que as empresas estejam incorrendo em altos custos de exportação que fazem diminuir suas utilidades e consequentemente sua rentabilidade.por
dc.title.englishFinancial Efficiency and Export Performance: an Empirical Approacheng
dc.title.portugueseEficiência financeira e desempenho exportador: uma abordagem empíricapor
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dc.rights.creativecommonsAttribution-NonCommercial-ShareAlike 4.0 International*
dc.identifier.eissn2248-4345
dc.type.coarhttp://purl.org/coar/resource_type/c_6501
dc.type.coarhttp://purl.org/coar/resource_type/c_6501
dc.type.versioninfo:eu-repo/semantics/publishedVersion
dc.type.localArtículo científico
dc.type.driverinfo:eu-repo/semantics/article
dc.identifier.reponamereponame:Repositorio Institucional Universidad de Medellín
dc.identifier.repourlrepourl:https://repository.udem.edu.co/
dc.identifier.instnameinstname:Universidad de Medellín
dc.subject.keywordportugueseFronteiras estocásticaspor
dc.subject.keywordportugueseModelos lineais mistospor
dc.subject.keywordportugueseDesempenho exportadorpor
dc.subject.keywordportugueseEficiência financeirapor


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