Financial soundness index for the private corporate sector in Colombia

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dc.audiencePolicymakerseng
dc.audienceResearcherseng
dc.audienceStudentseng
dc.audienceTeacherseng
dc.coverage.sucursalBogotáeng
dc.creatorLemus-Esquivel, Juan Sebastiáneng
dc.creatorQuicazán-Moreno, Carlos Andréseng
dc.creatorHurtado-Guarín, Jorge Luiseng
dc.creatorLizarazo-Cuellar, Angélica Maríaeng
dc.date.accessioned2015-07-01T08:40:10Zeng
dc.date.available2015-12-06T08:30:10Zeng
dc.date.created2015-11-07eng
dc.date.issued2015-07eng
dc.description.abstractThis paper has as main objective to build 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 for firms that are debtors of the Colombian financial system, validation tests on the index confirm the apparent relationship between accounting data and the credit risk perception of and materialization for financial intermediaries.eng
dc.format.extent25 páginas : gráficas, tablaseng
dc.format.mimetypePDFeng
dc.identifier.handlehttps://hdl.handle.net/20.500.12134/2142spa
dc.identifier.urihttps://repositorio.banrep.gov.co/handle/20.500.12134/2142eng
dc.language.isoengeng
dc.publisherBanco de la República de Colombiaeng
dc.relation.doihttps://doi.org/10.32468/tef.82spa
dc.relation.dotechttps://ideas.repec.org/p/col/000094/013415.htmlspa
dc.relation.ispartofDocumentos de Trabajoeng
dc.relation.ispartofseriesTemas de Estabilidad Financieraeng
dc.relation.isversionofTemas de Estabilidad Financiera ; No. 82eng
dc.relation.numbertef 82eng
dc.relation.repechttps://ideas.repec.org/p/bdr/temest/82.htmlspa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0eng
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.spa
dc.rights.spaAcceso abiertospa
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.source.bibliographicCitationGadanecz, B. & Jayaram, K. (2009), `Measures of financial stability-a review', Proceedings of the IFC Conference on "Measuring financial innovation and its impact", Bank for International Settlements 31, 365 380.eng
dc.source.bibliographicCitationIlling, M. & Liu, Y. (2006), `Measuring financial stress in a developed country: An application to Canada', Journal of Financial Stability 2(3), 243-265.eng
dc.source.bibliographicCitationMorales, M. A. & Estrada, D. (2010), `A financial stability index for Colombia', Annals of Finance 6(4), 555-581.eng
dc.source.handleRepecRePEc:col:000094:013415spa
dc.subjectSolidez financiera de las empresaseng
dc.subjectAnálisis de componentes principaleseng
dc.subjectCoeficientes financieroseng
dc.subjectÍndices compuestoseng
dc.subjectEstabilidad financieraeng
dc.subject.jelL25 - Firm Performance: Size, Diversification, and Scopeeng
dc.subject.jelG30 - Corporate Finance and Governance: Generaleng
dc.subject.jelG32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwilleng
dc.subject.jelC3 - Multiple/Simultaneous Equation Models; Multiple Variableseng
dc.subject.jelspaL25 - Rendimiento de la empresa: tamaño, diversificación y alcance de la empresaeng
dc.subject.jelspaG30 - Gobierno y financiación de la empresa: Generalidadeseng
dc.subject.jelspaG32 - Política de financiación; riesgo financiero y gestión de riesgos; Estructura del capital y de la propiedad; Valor de empresa; fondo de comercioeng
dc.subject.jelspaC3 - Modelos de ecuaciones múltiples/simultáneas; Variables múltipleseng
dc.subject.keywordFirms' financial soundnesseng
dc.subject.keywordPrincipal component analysiseng
dc.subject.keywordFinancial ratioseng
dc.subject.keywordComposite indiceseng
dc.subject.keywordFinancial stabilityeng
dc.subject.lembEmpresas -- Finanzas -- Colombia -- 2000-2013eng
dc.subject.lembSistema financiero -- Colombia -- 2000-2013eng
dc.subject.lembCrédito comercial -- Colombia -- 2000-2013eng
dc.subject.lembIndicadores financieros -- Metodologíaeng
dc.titleFinancial soundness index for the private corporate sector in Colombiaeng
dc.typeWorking Papereng
dc.type.hasversionPublished Versioneng
dc.type.spaDocumentos de trabajoeng

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