Análisis de indicadores financieros y quiebra empresarial en las empresas del subsector G463 (Venta al por mayor de alimentos, bebidas, y tabaco) en el periodo 2016 - 2020

Abstract

Abstract: The objective of this study was to analyze the probability of bankruptcy in companies whose business activities are associated with wholesale trade of food, beverages, and tobacco (G463) in Ecuador. The study utilized a sample of 2,555 companies during the period from 2016 to 2020. The Z2 Altman, O Ohlson, and Zmijewski models were employed to measure the probability of bankruptcy in the sector. The study's results indicated that, overall, the probability of bankruptcy is low. Only 2% of the companies were classified as high-risk based on the intersection of the three models. These findings have significant implications for the managers of companies in the sector as they allow identifying companies with a higher risk of bankruptcy and implementing preventive measures to avoid this outcome. Additionally, managers can utilize this information to improve their financial management and adjust their business strategies based on market conditions and government regulations. In summary, the results of this study provide a comprehensive overview of the financial situation of the G463 business sector in Ecuador and can be valuable for the managers of companies operating in this subsector.