Financial performance analysis of innovative companies in the food and beverage industry in Colombia.
The article presents the findings from the financial evaluation of Colombianinnovating companies of the food and beverage sector conductedthrough the study of their efficiency, efficacy and effectivenessin obtaining and using financial resources, to verify if the basic financialobjective of creating...
- Autores:
-
Jorge Rivera Godoy
Daniel Ruiz Acero
- Tipo de recurso:
- Fecha de publicación:
- 2011
- Institución:
- Universidad del Norte
- Repositorio:
- Repositorio Uninorte
- Idioma:
- spa
- OAI Identifier:
- oai:manglar.uninorte.edu.co:10584/4891
- Acceso en línea:
- http://rcientificas.uninorte.edu.co/index.php/pensamiento/article/view/3661
http://hdl.handle.net/10584/4891
- Palabra clave:
- Rights
- License
- http://purl.org/coar/access_right/c_abf2
| Summary: | The article presents the findings from the financial evaluation of Colombianinnovating companies of the food and beverage sector conductedthrough the study of their efficiency, efficacy and effectivenessin obtaining and using financial resources, to verify if the basic financialobjective of creating economic value is achieved. The research covers the2000-2008 periods, and it uses financial indicators based on accountingand economic value added information.We found that innovating companies only create value until 2003;from 2004 onwards they begin to destroy it, without showing any trendtowards recovery or deterioration. This is mainly due to the behavior ofefficiency in their use of assets.When comparing them to non innovating companies, we found thatthe innovating ones destroy less value and are more efficient, but lesseffective. |
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