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

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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Main Authors: Mejia-Ramirez, Raul, Villegas-Hernández, Eduardo, Sánchez-Leal, Jaime
Format: Online
Language:spa
Published: ACACIA A.C. 2020
Online Access:https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/234
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spelling oai:ojs2.cienciasadmvastyp.uat.edu.mx:article-2342020-02-09T20:54:50Z Factors that affect the financial performance of companies listed on the Mexican Stock Exchange Factores que inciden en el nivel de desempeño financiero de las empresas que cotizan en la Bolsa Mexicana de Valores Mejia-Ramirez, Raul Villegas-Hernández, Eduardo Sánchez-Leal, Jaime 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%). El objetivo de esta investigación es determinar los factores que inciden en el nivel de desempeño financiero de las empresas que cotizan en la Bolsa Mexicana de Valores, específicamente las del sector de productos de consumo frecuente. Para ello, se recopilaron los estados financieros de 16 empresas a partir del 2001 hasta el 2017, con periodicidad trimestral, con los cuales se calcularon variables que contemplan razones financieras de liquidez, endeudamiento, apalancamiento, RION, INVESTRAT. La metodología empleada se basa primeramente en el análisis factorial mediante el método de Componentes Principales con la intención de reducir el número de variables involucradas en el análisis de los estados financieros de las empresas. Posteriormente, se acude a la técnica de Redes Neuronales Artificiales, para encontrar los factores que determinan si la empresa presenta un nivel de desempeño financiero alto, medio o bajo. Los resultados muestran que los factores que inciden en el nivel de desempeño financiero de las empresas analizadas son los referentes a liquidez (48.4%),  RION (79.8%), Eficiencia (50.1%), Rotación del Activo (51.7%), Tasa de Provisiones (28.1%), Endeudamiento (70.8%), INVERSIÓN (100%), Crecimiento (34.7%) y a Costo de Oportunidad (50.1%). ACACIA A.C. 2020-02-03 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo revisado por pares application/pdf text/html https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/234 Ciencias Administrativas. Teoría y Praxis; Vol 15 No 2 (2019): JULY - DECEMBER; 58 - 78 Ciencias Administrativas. Teoría y Praxis; Vol. 15 Núm. 2 (2019): JULIO - DICIEMBRE; 58 - 78 2683-1465 2683-1457 spa https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/234/262 https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/234/263
institution CIENCIAS ADMINISTRATIVAS
collection OJS
language spa
format Online
author Mejia-Ramirez, Raul
Villegas-Hernández, Eduardo
Sánchez-Leal, Jaime
spellingShingle Mejia-Ramirez, Raul
Villegas-Hernández, Eduardo
Sánchez-Leal, Jaime
Factors that affect the financial performance of companies listed on the Mexican Stock Exchange
author_facet Mejia-Ramirez, Raul
Villegas-Hernández, Eduardo
Sánchez-Leal, Jaime
author_sort Mejia-Ramirez, Raul
title Factors that affect the financial performance of companies listed on the Mexican Stock Exchange
title_short Factors that affect the financial performance of companies listed on the Mexican Stock Exchange
title_full Factors that affect the financial performance of companies listed on the Mexican Stock Exchange
title_fullStr Factors that affect the financial performance of companies listed on the Mexican Stock Exchange
title_full_unstemmed Factors that affect the financial performance of companies listed on the Mexican Stock Exchange
title_sort factors that affect the financial performance of companies listed on the mexican stock exchange
description 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%).
publisher ACACIA A.C.
publishDate 2020
url https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/234
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