| dc.rights.license | http://creativecommons.org/licenses/by-nc-sa/3.0/ve/ | es_VE |
| dc.contributor.author | Vargas V., Teresa de J. | |
| dc.contributor.author | Hernández V., Zeus S. | |
| dc.contributor.author | Polo J., Sergio D. | |
| dc.date.accessioned | 2026-04-07T12:54:48Z | |
| dc.date.available | 2026-04-07T12:54:48Z | |
| dc.date.issued | 2026-04-07 | |
| dc.identifier.issn | 1316-8533 | es |
| dc.identifier.uri | http://www.saber.ula.ve/handle/123456789/52361 | |
| dc.description.abstract | El objetivo de la investigación se enfoca en medir el desempeño financiero de las empresas listadas en la Bolsa Mexicana de Valores (BMV) en el subsector de bienes de equipo, mediante la aplicación de ecuaciones estructurales Modelos de Ecuaciones Estructurales (SEM). Siguiendo el modelo propuesto por Chaudhuri, et al. (2016) y utilizando como variables la edad de la empresa, el tamaño y la razón de deuda a capital para medir el efecto en el Rendimiento sobre Activo (RSA) y la Q de Tobin. El SEM reveló diferencias entre el impacto operativo (RSA) y el valor percibido por el mercado (Q de Tobin), destacando que el mercado tiende a penalizar empresas con excesivo tamaño, endeudamiento e inversiones en I+D que aún no se perciben rentables | es_VE |
| dc.language.iso | es | es_VE |
| dc.rights | info:eu-repo/semantics/openAccess | es_VE |
| dc.subject | Modelo de ecuaciones estructurales | es_VE |
| dc.subject | retorno sobre activo | es_VE |
| dc.subject | Q de Tobin | es_VE |
| dc.title | Evaluación del desempeño financiero mediante ecuaciones estructurales en el mercado mexicano de capitales | es_VE |
| dc.title.alternative | Financial performance evaluation using structural equations in the mexican capital market | es_VE |
| dc.type | info:eu-repo/semantics/article | es_VE |
| dcterms.dateAccepted | 16-02-26 | |
| dcterms.dateSubmitted | 26-10-25 | |
| dc.description.abstract1 | The aim of this research is to measure the financial performance of companies listed on the Mexican Stock Exchange (BMV) in the capital goods subsector through the application of structural equation modeling (SEM). Following the model proposed by Chaudhuri et al. (2016), the study uses variables such as firm age, size, and debt-to-equity ratio to assess their effects on Return on Assets (ROA) and Tobin’s Q. The SEM analysis revealed notable differences between operational performance (ROA) and market-perceived value (Tobin’s Q), highlighting that the market tends to penalize companies with excessive size, high leverage, and investments in R&D that have not yet demonstrated profitability. These findings suggest that while operational efficiency is crucial, investor perceptions are influenced by the potential risks associated with scale, debt, and future-oriented expenditures. Understanding this distinction is key for managers aiming to optimize both financial performance and market valuation, emphasizing the need for strategic alignment between operational decisions and investor expectations. The study contributes to a more nuanced view of financial performance evaluation within emerging capital markets, offering evidence on the factors that may affect both internal efficiency and external market assessment. | es_VE |
| dc.description.colacion | 105-130 | es_VE |
| dc.description.dependencia | Escuela de Administración y Contaduría Pública | es |
| dc.description.email | tvargasv@gmail.com | es_VE |
| dc.description.email | zeus_hernandez@uaeh.edu.mx | es_VE |
| dc.description.email | sjimenez@uaeh.edu.mx | es_VE |
| dc.description.frecuencia | Semestral | es |
| dc.identifier.depositolegal | pp 199802ME395 | es |
| dc.identifier.eissn | 2244-8772 | es |
| dc.publisher.pais | Venezuela | es_VE |
| dc.subject.facultad | Facultad de Ciencias Económicas y Sociales | es_VE |
| dc.subject.institucion | Universidad de Los Andes | es_VE |
| dc.subject.keywords | Structural equation modeling | es_VE |
| dc.subject.keywords | return on assets | es_VE |
| dc.subject.keywords | Tobin’s Q | es_VE |
| dc.subject.seccion | Actualidad Contable FACES: Artículos | es_VE |
| dc.subject.tipo | Revistas | es_VE |
| dc.type.media | Texto | es_VE |
| dc.contributor.orcid | http://orcid.org/0000-0002-6051-7197 | es |
| dc.contributor.orcid | http://orcid.org/0000-0002-3162-9122 | es |
| dc.contributor.orcid | http://orcid.org/0000-0002-6137-5549 | es |
