Impacto de la rentabilidad y la cuota de mercado en las empresas zombis en México

• Autores: Manuel Humberto de la Garza Cárdenas, Yesenia Sánchez Tovar, Mariana Zerón Félix
• Localización: Revista Mexicana de Economía y Finanzas (REMEF): nueva época, ISSN-e 2448-6795, ISSN 1665-5346, Vol. 14, Nº. 4, 2019, págs. 729-743
• Idioma: español
• DOI: 10.21919/remef.v14i4.107
• Títulos paralelos:
  • Identification of zombie companies in Mexico, impact of profitability and market share in them
• Enlaces
  • Texto completo (pdf)
• Dialnet Métricas: 3 Citas
• Resumen
  • español

    Resumen El objetivo de este trabajo consiste en profundizar en la presencia de empresas zombis en la Bolsa Mexicana de Valores (BMV) y los factores que inciden en su existencia. Para ello, a través del método CHK se determinó la presencia de empresas zombis en México y, posteriormente, mediante un modelo logit se evalúa el impacto de la rentabilidad y la cuota de mercado en las empresas zombi. Los datos empleados corresponden a 102 empresas inscritas en el mercado de valores de México en el año 2015, lo cual permitió identificar la presencia de 18 empresas con características zombis. Mientras que el análisis empírico confirmó que la cuota de mercado impacta positivamente a las empresas zombis, mientras que la rentabilidad disminuye la probabilidad de incurrir en esta situación. El modelo empleado representa uno de los trabajos pioneros en América Latina sobre este tipo de empresas y da luz sobre el comportamiento que siguen dichas organizaciones mostrando que las características del mercado pueden ser otros predictores importantes de las empresas zombis y representan futuras líneas de investigación relevantes.

  • English

    Abstract The objective of this paper is to deepen the presence of zombie companies in the Bolsa Mexicana de Valores (BMV) and the factors that affect its existence. To do this, through the CHK method, the presence of zombie companies in Mexico was determined and, subsequently, through a logistic model, the impact of profitability and market share on zombie companies was evaluated. The data correspond to 102 firms registered in the BMV in 2015, in which the presence of 18 companies with zombie characteristics will be identified. While empirical analysis confirms that market share positively impacts zombie companies, while profitability decreases the probability of present in this situation. The model used represents one of the pioneering works in Latin America this type of companies and the light on the behavior that they follow as the samples and the characteristics of the market can be other important predictors the zombie companies and the corresponding relevant research lines.

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