Factors that affect the financial performance of companies listed on the Mexican Stock Exchange

The objective of this investigation is to determine the factors that affect the level of financial performance of the companies listed on the Mexican Stock Exchange, specifically those of the sector of products of frequent consumption. For this, the financial statements of 16 companies were collecte...

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書誌詳細
主要な著者: Mejia-Ramirez, Raul, Villegas-Hernández, Eduardo, Sánchez-Leal, Jaime
フォーマット: Online
言語:spa
出版事項: ACACIA A.C. 2020
オンライン・アクセス:https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/234
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要約:The objective of this investigation is to determine the factors that affect the level of financial performance of the companies listed on the Mexican Stock Exchange, specifically those of the sector of products of frequent consumption. For this, the financial statements of 16 companies were collected from 2001 to 2017, on a quarterly basis, with which variables were calculated that include financial reasons for liquidity, indebtedness, leverage, RION, INVESTRAT. The methodology used is based primarily on the factor analysis through the Main Components method with the intention of reducing the number of variables involved in the analysis of the financial statements of the companies. Subsequently, the Artificial Neural Networks technique is used to find the factors that determine whether the company has a high, medium or low level of financial performance. The results show that the factors that affect the level of financial performance of the companies analyzed are those related to liquidity (48.4%), RION (79.8%), Efficiency (50.1%), Asset Rotation (51.7%), Rate of Provisions (28.1%), Indebtedness (70.8%), INVESTMENT (100%), Growth (34.7%) and at Opportunity Cost (50.1%).