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El cargo de capital en la evaluación del desempeno financiero de empresas innovadoras de confecciones de Cali

Author

Listed:
  • Jorge Alberto Rivera Godoy
  • Diana Stella Alarcón Morales

Abstract

El artículo busca conocer el impacto del cargo de capital sobre el valor de las empresas innovadoras de confecciones de Cali, siguiendo los lineamientos teóricos de la gestión basada en el valor y, como metodología, el análisis del valor económico agregado en el periodo 2002–2007. Se encuentra que el sector destruye valor debido a que el incremento del activo no conduce a un crecimiento semejante de la utilidad operacional después de impuestos, pero sí al aumento del cargo de capital, pese a la reducción del riesgo país. Se generan nuevos interrogantes en cuanto si la inversión en innovación va a mejorar la productividad en un futuro y si el costo de capital va a continuar descendiendo.

Suggested Citation

  • Jorge Alberto Rivera Godoy & Diana Stella Alarcón Morales, 2012. "El cargo de capital en la evaluación del desempeno financiero de empresas innovadoras de confecciones de Cali," Estudios Gerenciales, Universidad Icesi, June.
    • Handle: RePEc:col:000129:011283
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    File URL: http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/1209
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    More about this item

    Keywords

    Costo de capital; creación de valor; innovación; EVA; sector confecciones.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L67 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Consumer Nondurables: Clothing, Textiles, Shoes, and Leather Goods; Household Goods; Sports Equipment

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