Solvency and financial liquidity of Mexican family-owned companies before and during Covid-19
Keywords:
family business, financial liquidity and solvency, covid-19.Abstract
The objective of this research was to describe the working capital, solvency and liquidity of Mexican family firms listed on the Mexican Stock Exchange before and after the Covid-19 pandemic. A descriptive study was conducted on family firms in 2019 and 2020. A sample of 30 family firms was selected from a database of 121 firms. The method of financial ratios of liquidity and solvency was used. The results obtained were that more than the average managed to increase their working capital to meet their operating cycle. A tendency was identified for the companies studied to increase their liquidity ratio by 60%, with an r=0.86 correlated with the current ratio. Despite the fact that more than the average of the companies studied seek to keep the shares within the family, there is no strong evidence to correlate the shares owned by the family and the financial ratios studied. It is concluded that Mexican family businesses, in times of crisis, tend to strategically face the inclemencies of the external environment by increasing financial liquidity to meet their short-term obligations.
Downloads
References
Belausteguigoitia, I. (2012). Empresas familiares: Dinámica, equilibrio y consolidación (4ta ed.). México: McGraw Hill.
Blanco, R., Mayordomo, S., Menéndez, Á. y Mulino, M. (2020). Las necesidades de liquidez y la solvencia de las empresas no financieras españolas tras la perturbación del Covid-19. Documentos Ocasionales (20). Madrid: Banco de España. Recuperado de http://www.bde.es
Flores, E. y Pari, W. (2019). Continuidad en las Empresas Familiares ¿Profesionalización o Sucesión Familiar? Recuperado de https://repositorioacademico.upc.edu.pe/handle/10757/648719
García, C. (2013). El modelo de competencias en la sucesión de la empresa familiar. AECA: Revista de la Asociación Española de Contabilidad y Administración de Empresas, 101, 28–31.
Gitman, L. J. y Zutter, C. (2012). Principios de administración financiera (12o). México: Pearson Educación.
Ross, W. y Jaffe, Y. (2010). Finanzas corporativas. México: McGraw Hill.
Santiago, J. (2021). Acciones de Constructora rebotan en Hong Kong. El Economista website. Recuperado de https://www.eleconomista.com.mx/mercados/Acciones-de-Constructora-rebotan-en-Hong-Kong-20210923-0144.html
Senado de la República de México (2020). Medidas de contención y de política económica ante la pandemia de COVID-19. México (94), 2-4. Recuperado de http://bibliodigitalibd.senado.gob.mx/bitstream/handle/123456789/4867/NE_Contenci%c3%b3n%20y%20Pol%c3%adtica%20econ%20ante%20el%20COVID19%20en%20M%c3%a9xico_VF.pdf?sequence=1&isAllowed=y
Soto, A. (2013). La empresa familiar en México. Situación actual de la investigación. Contaduría y Administración, 58(2), 135–171.
Trevinyo, R. (2010). Empresas Familiares, Visión Latinoamericana. Estructura, gestión, crecimiento y continuidad. México D. F.: Pearson Educación.
.png)
.png)
.png)
