Riesgo de insolvencia empresarial en el Ecuador durante el periodo 2012-2016

Abstract

This academic article has the objective of analyzing the risk of insolvency of companies in Ecuador between the period 2012-2016, understanding insolvency as a subject of high sensitivity that must be predicted previously through econometric techniques. A logistic model of business insolvency risk was developed using the maximum likelihood method, estimating the dependent variable based on a solvency indicator and interpreting the independent variables according to the main financial indicators of liquidity, profitability, solvency and business size, identifying if microeconomic factors such as financial indicators; significantly affect the risk of corporate insolvency. The results of this analysis showed that the risk of insolvency has been decreasing and it is relatively low during the study period, although there are differences between companies depending on their size and age.