Cost indicators: a tool to manage value creation in Colombian industrial companies

Authors

  • Diego Andres Correa Mejía Profesor de tiempo completo, Departamento de Ciencias Contables, Facultad de Ciencias Económicas, Universidad de Antioquia, Medellín, Colombia.
  • Laura Yulieth Martínez Molina Egresada, Departamento de Ciencias Contables, Facultad de Ciencias Económicas, Universidad de Antioquia, Medellín, Colombia. https://orcid.org/0000-0002-8379-4250 (unauthenticated)
  • María Camila Ruiz Criollo Egresada, Departamento de Ciencias Contables, Facultad de Ciencias Económicas, Universidad de Antioquia, Medellín, Colombia.
  • María Alejandra Yepes Montoya Egresada, Departamento de Ciencias Contables, Facultad de Ciencias Económicas, Universidad de Antioquia, Medellín, Colombia.

DOI:

https://doi.org/10.18046/j.estger.2018.147.2643

Keywords:

management accounting, cost information, value management, financial performance, financial indicators

Abstract

Cost information plays an important role in companies since financial outcomes greatly depend on their proper management. This paper aims to determine the financial impact of cost indicators on value creation of Colombian companies in the industrial sector, taking as an analysis period the years between 2013 and 2016. To achieve this goal data panel models were used in this study which led to the conclusion that the cost of the merchandise sold has a negative impact on financial indicators such as EBITDA profit margin (earnings before interest, taxes, depreciation and amortization), Tobin’s Q ratio and cash flow from operating activities.

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Published

2018-05-18

Issue

Vol. 34 No. 147 Apr-Jun 2018

Section

Research articles

License

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How to Cite

Cost indicators: a tool to manage value creation in Colombian industrial companies. (2018). Estudios Gerenciales, 34(147), 190-199. https://doi.org/10.18046/j.estger.2018.147.2643