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- Title
Rendimiento contable y EVA en la pyme de la industria del cuero, calzado y marroquinería en Colombia.
- Authors
Rivera Godoy, Jorge Alberto
- Abstract
This article presents the results of an investigation that aims to evaluate the financial performance of the SME of the leather, footwear, and leather goods sector in Colombia in the period 2010-2016, by means of a study that follows as a methodology the analysis of accounting indicators and economic value added that measure its growth, efficiency, and effectiveness. The research showed that this sector's SME generates accounting returns in the period, which are superior in small business because they have greater efficiency in the administration of production and sales costs, and greater efficiency in the use of the assets and positive financial leverage. SMES destroy economic value added (eva) in each of the years; however, small business is the one that least destroys EVA for each monetary unit invested. This destruction of value is due to the fact that the cost of financial resources is higher than the operating income after taxes. These findings will be strengthened with similar studies for more homogeneous smes in age and geographic location.
- Subjects
COLOMBIA; ECONOMIC indicators; FINANCIAL leverage; LEATHER goods; FINANCIAL performance; FISCAL year
- Publication
Universidad & Empresa, 2020, Vol 22, Issue 38, p131
- ISSN
0124-4639
- Publication type
Article
- DOI
10.12804/revistas.urosario.edu.co/empresa/a.7335