Costo de capital y valor económico agregado en la industria alimenticia de la zona 7 del Ecuador periodo 2014-2018, CIIU 1010

Abstract

Abstract:The manufacturing industry is important for the economic development of any country, where the Ecuadorian territory is not the exception thatis why the food sector has boomed within the economy, where the variables of the weighted average cost of capital (WACC)and the Economic Value Added (EVA), recover a significant value. From this perspective, the research arises with the objective of describing the current situation of the cost of capital and the generation of EVA in the food industry of zone 7 of Ecuador period 2014 -2018, ISIC 1010. Through a methodology of quantitative approach, of Descriptive character, the cost of capital was estimated, for this the leveraged beta and later the CAPM were calculated. Likewise, the EVA calculated by difference was applied, which made it possible to quantify the value creation that has occurred in each of the companies analyzed during the 2014 -2018 period. Three companies in the food industry were considered, with data collected from the Superintendency of Companies, results that made it possible to measure the yield on the debt's own funds, necessary to determine the creation or destruction of value in the food industry. Concluding that the main finding indicated an adequate investment policy, although in some periods they have generated a drop in the market value, but efficiency can be improved with the use of invested capital, showing in turn,how companies do not comply with the requirements regarding the presentation of financial statements.