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Modelaci—n del riesgo de insolvencia en empresas del sector salud empleando modelos logit || Modeling of Insolvency Risk in Health Sector Companies Using Logit Models

Author

Listed:
  • Tamara Ayœs, Armando Lenin

    (Departamento de Finanzas, Escuela de Econom’a y Finanzas, Universidad EAFIT (Colombia))

  • Villegas, Gladis Cecilia

    (Facultad de Ciencias Econ—micas y Administrativas, Universidad de Medell’n (Colombia))

  • Leones Castro, María Cristina

    (Departamento de Finanzas, Escuela de Econom’a y Finanzas, Universidad EAFIT (Colombia))

  • Salazar Bocanegra, Juan Antonio

    (Departamento de Finanzas, Escuela de Econom’a y Finanzas, Universidad EAFIT (Colombia))

Abstract

Este artículo muestra la predicci—n del nivel de insolvencia en empresas que no cotizan en bolsa y pertenecen al sector salud con uno y dos a–os de anticipaci—n, utilizando el an‡lisis de regresión log’stica mœltiple basado en indicadores de liquidez, endeudamiento, estructura financiera y rentabilidad. Se toma como referencia el per’odo 2010-2013 para una muestra de 3.930 empresas categorizadas por tama–o (grande, mediana, peque–a y micro) y clasific‡ndolas por su nivel de riesgo de insolvencia (alto, medio y bajo). Los resultados de acierto de los modelos se encuentran entre un 70% y 80% para cada uno de los años, validando los resultados obtenidos a lo largo del estudio. || This article shows the prediction of the level of insolvency in companies that are not listed on the stock exchange belonging to the health sector for one and two years in advance, using the multiple logistic regression analysis based on indicators of liquidity, indebtedness, financial structure and profitability. The period 2010-2013 is taken as a reference for a sample of 3,930 companies categorized by size (large, medium, small and micro) and classified by their level of high, medium and low insolvency risk. The success results of the models are between 70% and 80% for each of the years, validating the results obtained throughout the study.

Suggested Citation

  • Tamara Ayœs, Armando Lenin & Villegas, Gladis Cecilia & Leones Castro, María Cristina & Salazar Bocanegra, Juan Antonio, 2018. "Modelaci—n del riesgo de insolvencia en empresas del sector salud empleando modelos logit || Modeling of Insolvency Risk in Health Sector Companies Using Logit Models," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 26(1), pages 128-145, Diciembre.
    • Handle: RePEc:pab:rmcpee:v:26:y:2018:i:1:p:128-145
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    References listed on IDEAS

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    More about this item

    Keywords

    insolvencia; modelos logit; indicadores financieros; insolvency; logit models; financial indicators;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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