Análisis de indicadores financieros y quiebra empresarial en las empresas del subsector G4620 venta al por mayor de materias primas agropecuarias y animales vivos, en el periodo 2019 - 2021

Abstract

Abstract: This research focuses on analyzing the difference in financial indicators, in healthy and bankrupt Ecuadorian companies, which are part of the bankruptcy prediction models of Altman (1968), Ohlson (1980) and Zmijewski (1984). This is achieved by applying each model to the financial statements of all the companies belonging to the unit of analysis, which is derived from the Ecuadorian productive subsector G4620. The results show that, from 2019 - 2021, the risk of bankruptcy is mostly low. However, there is an increasing tendency to want it in 2020 due to the anomalous conditions of that period. Furthermore, it is observed that the Ohlson model is much more severe when segmenting the entities since its bankruptcy results exceed in quantity those generated by its counterparts Altman and Zmijewski. This confirms that there is a contrast between the financial ratios of firms depending on their bankruptcy risk.