Browsing by Author "Segarra Cabrera, Galo David"

Filter results by typing the first few letters
Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    Análisis de rentabilidad de las empresas oligopólicas del sector de comercialización de combustible automotriz en Ecuador. Periodo 2014-2018
    (Universidad de Cuenca, 2021-02-12) Segarra Cabrera, Galo David; Carchipuendo Campoverde, Esteban Gustavo; Flores Sánchez, Gustavo Geovanni
    The objective of this article was to analyze the profitability of oligopolistic companies in the automotive fuel marketing sector in Ecuador in the 2014- 2018 period, for which an explanatory research was used with a mixed approach, using the Herfindahl-Hirshmann Index (IHH), the comparison of measures of central position, Pearson's correlation and multiple linear regression to counteract the hypotheses raised. The results of the investigation show that 14 companies operate in the sector, of which the following stand out: EP Petroecuador, PRIMAX Comercial del Ecuador and Petróleos y Servicios (PYS), because together they account for an average of 66.29% of the dispatch of gallons of automotive fuel and 93.60% of total industry revenue. Based on the aforementioned, the market concentration index given by the IHH per gallons shipped and sales indicates a moderate and high concentration, respectively, thus suggesting an oligopolistic market structure in the analyzed sector. On the other hand, descriptive statistics and Pearson's correlation analysis show a positive, but insignificant, relationship between market concentration and profitability; in the same way, the empirical results based on comparison tests of measures of central position show the existence of statistically significant differences in the profitability measures between the three companies. The multiple regression model showed that the IHH does not have a significant effect on profitability, but market share does. Therefore, the hypothesis of collusion is rejected, which is attributed to the fact that the marketing price of fuel is supervised by the State and the efficient market structure hypothesis is accepted, which indicates that the companies with a greater market share are more efficient, therefore, show higher profitability