IDEAS home Printed from https://ideas.repec.org/a/grm/ecoyun/202017.html
   My bibliography  Save this article

Analysis Of Financial Performance Of The Non-Alcoholic Beverage Industry In Colombia

Author

Listed:
  • Jorge Alberto Rivera Godoy

    (Universidad del Valle, Cali)

  • Alejandro Torres Duque

    (Universidad del Valle, Cali)

  • Juliana García Muñoz

    (Universidad del Valle, Cali)

Abstract

The purpose of the research presented was to know the financial performance of the non-alcoholic beverages sector in Colombia in the 2014-2018 period, using as a methodology the static and trend analysis of accounting and economic value-added indicators that account for its growth, efficiency, efficacy and effectiveness. It was found that this sector grew irregularly, generated accounting returns that increased with ups and downs, whose behavior depended on the efficacy in controlling costs and expenses, which was amplified by positive financial leverage; while the efficiency in the use of resources remained almost constant. In addition, it was found that this sector created economic value added (EVA) in each year because the return on operating net assets was higher than the cost of capital. The results found could be strengthened if similar studies could be carried out for more homogeneous groups of companies in terms of size, age and geographic location.

Suggested Citation

  • Jorge Alberto Rivera Godoy & Alejandro Torres Duque & Juliana García Muñoz, 2020. "Analysis Of Financial Performance Of The Non-Alcoholic Beverage Industry In Colombia," Economia Coyuntural,Revista de temas de perspectivas y coyuntura, Instituto de Investigaciones Economicas y Sociales 'Jose Ortiz Mercado' (IIES-JOM), Facultad de Ciencias Economicas, Administrativas y Financieras, Universidad Autonoma Gabriel Rene Moreno, vol. 5(4), pages 123-159.
    • Handle: RePEc:grm:ecoyun:202017
    as

    Download full text from publisher

    File URL: https://files.uagrm.edu.bo/entidad/161/file/indexed/repec/grm/ecoyun/202017.pdf
    File Function: Final version, 2020
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Economic value added (EVA); market value added; financial performance; efficiency; efficacy and effectiveness financial indicators; non-alcoholic beverage industry.;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:grm:ecoyun:202017. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Roger Alejandro Banegas Rivero (email available below). General contact details of provider: https://edirc.repec.org/data/iiagrbo.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.