Assessment of the financial management of the large supermarkets in Colombia 2014-2020
Evaluate the financial management of large supermarkets in Colombia in the period 2014-2020, using as a methodology the static and trend analysis of indicators of accounting origin and value management that determine their financial effectiveness and residual profit is the purpose of this research....
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| Language: | Spanish |
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Universidad Francisco de Paula Santander
2021
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| Online Access: | https://revistas.ufps.edu.co/index.php/profundidad/article/view/3248 |
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| author | Rivera - Godoy, Jorge Alberto |
| author_browse | Rivera - Godoy, Jorge Alberto |
| author_facet | Rivera - Godoy, Jorge Alberto |
| author_sort | Rivera - Godoy, Jorge Alberto |
| collection | DSPACE IDEP |
| description | Evaluate the financial management of large supermarkets in Colombia in the period 2014-2020, using as a methodology the static and trend analysis of indicators of accounting origin and value management that determine their financial effectiveness and residual profit is the purpose of this research. It is discovered that the large company in this sector achieves equity returns in three years, and its behavior is supported primarily by the efficiency in controlling expenditures; but it has residual losses in all years; This is because the profitability of the operating net assets is lower than the profitability that investors aspire for the risk incurred. What is found is different from what is presented in companies in similar sectors in the United States of America and in emerging economies where equity returns are achieved, and residual profits are achieved each year. This study could be complemented with work on groups of organizations that had a more similar profile in terms of their age, phase of their life cycle, legal structure, and region. |
| first_indexed | 2026-06-19T15:28:32Z |
| format | Online |
| id | oai:revistas.ufps.edu.co:article-3248 |
| institution | IDEP |
| language | spa |
| last_indexed | 2026-06-19T15:28:32Z |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Universidad Francisco de Paula Santander |
| publisherStr | Universidad Francisco de Paula Santander |
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| spelling | oai:revistas.ufps.edu.co:article-32482023-09-04T14:22:15Z Assessment of the financial management of the large supermarkets in Colombia 2014-2020 Evaluación de la gestión financiera de los grandes supermercados en Colombia 2014-2020 Rivera - Godoy, Jorge Alberto Desempeño financiero Sector comercio al por menor Valor económico agregado Valor de mercado agregado Indicador financiero Evaluate the financial management of large supermarkets in Colombia in the period 2014-2020, using as a methodology the static and trend analysis of indicators of accounting origin and value management that determine their financial effectiveness and residual profit is the purpose of this research. It is discovered that the large company in this sector achieves equity returns in three years, and its behavior is supported primarily by the efficiency in controlling expenditures; but it has residual losses in all years; This is because the profitability of the operating net assets is lower than the profitability that investors aspire for the risk incurred. What is found is different from what is presented in companies in similar sectors in the United States of America and in emerging economies where equity returns are achieved, and residual profits are achieved each year. This study could be complemented with work on groups of organizations that had a more similar profile in terms of their age, phase of their life cycle, legal structure, and region. Evaluar la administración financiera de los grandes supermercados en Colombia en el periodo 2014-2020, empleando como metodología el análisis estático y de tendencias de indicadores de origen contable y de gestión de valor que determinan su efectividad financiera y su utilidad residual es el propósito de esta investigación. Se descubre que la gran empresa de este sector consigue rentabilidades del patrimonio en tres años, y su comportamiento es respaldado primordialmente por la eficacia en el control de erogaciones; pero, tiene pérdidas residuales en todos años; esto debido a que la rentabilidad del activo neto operacional es menor a la rentabilidad que los inversionistas aspiran por el riesgo contraído. Lo encontrado es diferente a lo presentado en las empresas de sectores semejantes en Estados Unidos de América y en economías emergentes donde se consiguen rentabilidades del patrimonio y se logran utilidades residuales cada año. Este estudio se podría complementar con trabajos a grupos de organizaciones que tuvieran un perfil más afín en cuanto a su edad, fase de su ciclo de vida, estructura legal y región. Universidad Francisco de Paula Santander 2021-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/html text/xml https://revistas.ufps.edu.co/index.php/profundidad/article/view/3248 10.22463/24221783.3248 Revista Científica Profundidad Construyendo Futuro; Vol. 15 No. 15 (2021): Julio-Diciembre; 28-38 Revista Científica Profundidad Construyendo Futuro; Vol. 15 Núm. 15 (2021): Julio-Diciembre; 28-38 2422-2518 spa https://revistas.ufps.edu.co/index.php/profundidad/article/view/3248/3661 https://revistas.ufps.edu.co/index.php/profundidad/article/view/3248/3792 https://revistas.ufps.edu.co/index.php/profundidad/article/view/3248/3793 /*ref*/Arnold, G. y Lewis. D. (2019). Corporate financial management (6th ed.). UK: Pearson. /*ref*/Atrill, P. (2017). Financial management for decision maker (8th ed.). UK: Pearson Educación. /*ref*/Congreso de Colombia (agosto de 2004). Ley 905 de 2004. /*ref*/Damodaran, A. (2021). [Base de datos en línea]. Recuperado de http://pages.stern.nyu.edu/~adamodar/ /*ref*/DANE (2020). Clasificación industrial internacional uniforme de todas las actividades económicas. Revisión 4 adaptada para Colombia. CIIU Rev. 4 A.C. Recuperado de https://www.dane.gov.co/files/sen/nomenclatura/ciiu/CIIU_Rev_4_AC2020.pdf /*ref*/EMIS professional (2021). ISI Emerging Markets Group (Base de datos). Recuperado de: https://www-emis-com.bd.univalle.edu.co/php/dashboar? /*ref*/García, O. (2009). Administración financiera. Fundamentos y aplicaciones (4ta edición). Prensa moderna impresores, S.A. /*ref*/Modigliani, F. y Miller, M. (1963). Corporate income taxes and the cost of capital: a correction. The American Economic Review, 53, 433-443. /*ref*/Obaidat, A. (2019). Is economic value added superior to earnings and cash flows in explaining market value added? an empirical study. International Journal of Business, Accounting and Finance, 13 (1), 57-69. /*ref*/Ortiz, H. (2018). Análisis financiero aplicado, bajo NIIF (16ª ed.). Bogotá: Universidad Externado de Colombia. /*ref*/Rivera, J. (2017). Introducción a la administración financiera: fundamentos y aplicaciones para crear valor (2ª reimpresión). Cali: Universidad del Valle. /*ref*/Rivera, J. y Alarcón, D. (2012). El cargo de capital en la evaluación del desempeño financiero de empresas innovadoras de confecciones de Cali. Estudios Gerenciales,38 (123), 85-100. /*ref*/Rivera, J. Giraldo, D. y Tello, D. (2021). Efectividad y EVA de establecimientos de comercio al por menor en Colombia. Revista Universitaria Ruta (en revisión de pares). /*ref*/Ross, S., Westerfield, R., Jaffe, J. y Jordan, B. (2019). Corporate finance (12th. ed.). NY: McGraw-Hill Education. /*ref*/Stern, J. M., y Willett, J. T. (Winter, 2014). A Look Back at the Beginnings of EVA and Value Based Management: An Interview with Joel M. Stern. Journal of Applied Corporate Finance, 26(1), 39-46. /*ref*/Stewart, B. (2000). En busca del valor. Barcelona: Ediciones Gestión 2000. /*ref*/Superintendencia Financiera de Colombia (2021). Tasa de interés y desembolsos por modalidad de crédito. Recuperado de https://www.superfinanciera.gov.co/jsp/loader.jsf?lServicio=Publicaciones&lTipo=publicaciones&lFuncion=loadContenidoPublicacion&id=60955 /*ref*/Superintendencia de Sociedades, (2021). Sistema integrado de información societaria (SIIS). https://siis.ia.supersociedades.gov.co/ /*ref*/Zutter, C. y Smart, S. (2019). Principles of managerial finance brief (8th ed.). UK: Pearson Education. Derechos de autor 2021 Universidad Francisco de Paula Santander https://creativecommons.org/licenses/by-nc/4.0 |
| spellingShingle | Desempeño financiero Sector comercio al por menor Valor económico agregado Valor de mercado agregado Indicador financiero Rivera - Godoy, Jorge Alberto Assessment of the financial management of the large supermarkets in Colombia 2014-2020 |
| title | Assessment of the financial management of the large supermarkets in Colombia 2014-2020 |
| title_alt | Evaluación de la gestión financiera de los grandes supermercados en Colombia 2014-2020 |
| title_full | Assessment of the financial management of the large supermarkets in Colombia 2014-2020 |
| title_fullStr | Assessment of the financial management of the large supermarkets in Colombia 2014-2020 |
| title_full_unstemmed | Assessment of the financial management of the large supermarkets in Colombia 2014-2020 |
| title_short | Assessment of the financial management of the large supermarkets in Colombia 2014-2020 |
| title_sort | assessment of the financial management of the large supermarkets in colombia 2014 2020 |
| topic | Desempeño financiero Sector comercio al por menor Valor económico agregado Valor de mercado agregado Indicador financiero |
| topic_facet | Desempeño financiero Sector comercio al por menor Valor económico agregado Valor de mercado agregado Indicador financiero |
| url | https://revistas.ufps.edu.co/index.php/profundidad/article/view/3248 |
| work_keys_str_mv | AT riveragodoyjorgealberto assessmentofthefinancialmanagementofthelargesupermarketsincolombia20142020 AT riveragodoyjorgealberto evaluaciondelagestionfinancieradelosgrandessupermercadosencolombia20142020 |