Arbeitspapier
Financial soundness index for the private corporate sector in Colombia
This paper evaluates the importance of building a composite metric of financial soundness for the private corporate sector in Colombia. Instead of relying on the individual and sometimes restrictive financial ratio analysis approach, the purpose of this document is to provide a single metric aimed at measuring the financial health of firms. Said metric, the financial soundness index, is derived by employing the cross-section approach of principal component analysis. For the time period of 2000-2013, the results allow to identify which industries have a weak, strong or similar balance sheet performance relative to that observed for the private corporate sector as a whole. Furthermore, validation tests on the index confirm the apparent relationship between accounting data of private firms that are debtors of the Colombian financial system and the credit risk perception of and materialization for financial intermediaries.
- Sprache
-
Englisch
- Erschienen in
-
Series: Graduate Institute of International and Development Studies Working Paper ; No. HEIDWP08-2015
- Klassifikation
-
Wirtschaft
Firm Performance: Size, Diversification, and Scope
Corporate Finance and Governance: General
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- Thema
-
firms' financial soundness
principal component analysis
financial ratios
composite indices
financial stability
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lemus-Esquivel, Juan S.
Quicazan-Moreno, Carlos A.
Hurtado-Guarin, Joge L.
Lizardo-Cuellar, Angelica
- Ereignis
-
Veröffentlichung
- (wer)
-
Graduate Institute of International and Development Studies
- (wo)
-
Geneva
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lemus-Esquivel, Juan S.
- Quicazan-Moreno, Carlos A.
- Hurtado-Guarin, Joge L.
- Lizardo-Cuellar, Angelica
- Graduate Institute of International and Development Studies
Entstanden
- 2015
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