Análisis de la regulación basada en capital y su asociación con la probabilidad de quiebra: caso compañías de financiamiento colombianas
The aim of this document is estimating the association between capital and the probability of bankruptcy for Colombian financing companies, between the years 2010 and 2018. In this sense, what is sought is to determine if the variables of quality (Tier 1) and composition (Tier 2) of capital are rele...
- Autores:
-
Lora Restrepo, Juan David
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2019
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/77855
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/77855
- Palabra clave:
- 330 - Economía, 658 - Administración general
regulación basada en riesgos
quiebra
capital
calidad de cartera
compañías de financiamiento
sistema financiero
Colombia
datos de panel
modelos Logit
risk-based regulation
bankruptcy
capital
finance companies
financial system
Colombia
panel data
logit models
- Rights
- openAccess
- License
- Atribución-NoComercial-SinDerivadas 4.0 Internacional
| Summary: | The aim of this document is estimating the association between capital and the probability of bankruptcy for Colombian financing companies, between the years 2010 and 2018. In this sense, what is sought is to determine if the variables of quality (Tier 1) and composition (Tier 2) of capital are relevant in explaining the bankruptcy of Colombian financing companies, in such a way that its adequacy as a regulation system is validated. The model is developed from Factorial Analysis and Logit model with panel data, where the dependent variable indicates the probability of bankruptcy, and the independent variables include capital indicators, financial ratios, loan quality and market risk (risk rating) of the entities; in addition to categorical variables such as entity size, business focus, membership in financial conglomerate and macroeconomic environment variables (usury interest rate and unemployment). The main results of this work show that the quality of capital is not the most relevant explaining the bankruptcy of the financing companies, but other variables such return on assets (ROA), return on equity (ROE), be a part financial holding, size and macroeconomic indicators (unemployment). The companies that present fall in ROA and ROE indicators, small and do not be a part of financial holding are more exposed to bankruptcy. |
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