Impacto del COVID-19 sobre el desempeño financiero empresarial. Una mirada a las grandes empresas privadas del Ecuador

Fanny  Cabrera Barbecho; Katherine Coronel-Pangol; Gustavo  Flores Sánchez

doi:10.18046/j.estger.2023.169.6044

Impact of COVID-19 on corporate financial performance: An overview of large private companies in Ecuador

Authors

Fanny Cabrera Barbecho Facultad de Ciencias Económicas y Administrativas, Universidad de Cuenca, Cuenca, Ecuador.
Katherine Coronel-Pangol Facultad de Ciencias Económicas y Administrativas, Universidad de Cuenca, Cuenca, Ecuador. https://orcid.org/0000-0003-4370-756X
Gustavo Flores Sánchez Facultad de Ciencias Económicas y Administrativas, Universidad de Cuenca, Cuenca, Ecuador. https://orcid.org/0000-0003-4123-2644

DOI:

https://doi.org/10.18046/j.estger.2023.169.6044

Keywords:

impact, COVID-19, profitability, sales, utility

Abstract

The COVID-19 pandemic has had a significant impact on the world economy, affecting the financial performance of companies, Ecuador has been no exception. This study aims to analyze the impact of COVID-19 on the financial performance (profitability, earnings and sales) of large Ecuadorian private companies using data from the balance sheets and income statements of the hundred largest companies in Ecuador in the period 2015-2020, by applying the quasi-experimental differences-in-differences methodology. The results reveal that the pandemic has had a negative impact on companies' profitability and sales, however, in some cases, net income has an inverse behavior. These findings have important implications for business management strategies and the future of the Ecuadorian market.

Downloads

Download data is not yet available.

Downloads

PDF (Spanish)

Published

2023-12-22

Issue

Vol. 39 No 169 Oct - Dic 2023

Section

Research articles

License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Articles are the sole responsibility of their authors, and will not compromise Icesi’s University principles or policies nor those of the Editorial Board of the journal Estudios Gerenciales. Authors authorize and accept the transfer of all rights to the journal, both for its print and electronic publication. After an article is published, it may be reproduced without previous permission of the author or the journal but the author(s), year, title, volume, number and range of pages of the publication must be mentioned. In addition, Estudios Gerenciales must be mentioned as the source (please, refrain from using Revista Estudios Gerenciales).

How to Cite

Impact of COVID-19 on corporate financial performance: An overview of large private companies in Ecuador. (2023). Estudios Gerenciales, 39(169), 476-488. https://doi.org/10.18046/j.estger.2023.169.6044