Efecto de la convergencia a normas internacionales de información financiera en empresas cotizantes de la bolsa de valores de Colombia

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Liliana Elizabeth Ruiz Acosta https://orcid.org/0000-0003-3323-8480
David Andrés Camargo Mayorga https://orcid.org/0000-0002-5290-8251
Octavio Cardona García https://orcid.org/0000-0001-6257-5270

Keywords

NIIF, Bolsa de valores, Indicadores financieros, Precio de acciones

Resumen

El propósito de este documento es analizar el efecto que tuvo la adopción de las Normas Internacionales de Información Financiera (NIIF) de obligatorio cumplimiento a partir del año 2015, en empresas que cotizan en la Bolsa de Valores de Colombia (BVC), para ello se utilizaron dos muestras, la primera: 52 empresas colombianas a las que se les aplicó una diferencia de medias a los indicadores financieros ROE, OPM Y ROIC obtenidos de la información contable correspondiente al año 2014 antes y después de NIIF. En la segunda muestra, de 32 empresas, se analizó el nivel de apalancamiento, los ingresos ordinarios, el resultado operacional, y el resultado del ejercicio, para conocer los efectos de estas variables sobre el valor bursátil, utilizando el método de diferencia en diferencias, tomando el 2014 como año de control sin NIIF y el 2015 como de tratamiento con NIIF. Los hallazgos muestran que, en las 52 empresas, la adopción de las normas no señala la existencia de cambios en los indicadores financieros antes y después de las NIIF, al igual que ocurre con el valor bursátil en la muestra de las 32 empresas.

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