Liquidez, endeudamiento y rentabilidad y su incidencia en la predictibilidad de quiebra del sector minero del Ecuador, 2014-2018

Abstract

Abstract:The prediction of financial difficulties has been an important concern of researchers and professionals, who have tried to determine the most relevant financial indicators when anticipating corporate bankruptcy. The objective of this study is to analyze the incidence of liquidity, indebtedness and profitability in the predictability of bankruptcy through the development of an econometric model for the mining sector in Ecuador. The methodology used has a quantitative approach, with descriptive, explanatory and correlational research. Information was obtained from 341 companies with a total of 1471 observations in the period 2014-2018, and the financial ratios of the companies, which report to the Superintendence of Companies, Securities and Insurance, were collected. It is concluded that there is a direct and non-significant relationship between liquidity, asset indebtedness and insolvency. It is evident that the bankrupt companies in the mining sector are characterized by excessive liquidity and a high level of indebtedness. The fixed asset indebtedness index, net margin and operating return on equity show an inverse and significant relationship at 99% in the logistic model developed.