The following information was submitted:
Transactions: INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
Transactions ID Number: 20-483
Full Name: Fernando Juárez
Position: Researcher
Age: ON
Sex: Male
Address: Universidad del Rosario, Calle 14, No. 4-80, Bogotá
Country: COLOMBIA
Tel: 3114405624
Tel prefix: 57
Fax:
E-mail address: fernando_juarez2@yahoo.com
Other E-mails: fernando_juarez@hotmail.com
Title of the Paper: Financial health and risk in the tourism sector in Colombia
Authors as they appear in the Paper: F. Juárez
Email addresses of all the authors: fernando_juarez2@yahoo.com
Number of paper pages: 8
Abstract: They were applied a multivariate model of health, and a risk factors analysis within an epidemiological model to the financial statements. The sample was composed of the companies in the tourism sector in Colombia, the financial variables of cash flow, profit and loss and equity ownership were used as health indicators. Scores on these indicators were normalized and used for grouping the companies into two groups (healthy and diseased) by a hierarchical cluster. They were also estimated cutoff points in other different variables on the financial statements related to the groups obtained, by optimal binning. Finally, the odds ratio and relative risk, to determine the association between the presence or absence of disease risk and financial health of companies, were obtained. This showed the existence of different variables in the financial statements, which can divide the companies into healthy and diseased, as the risk factors.
Keywords: Financial statements, financial health, risk factors, cash flow, profits and loss, ownership equity.
EXTENSION of the file: .doc
Special (Invited) Session: Health and Epidemiology of the Internal Risk Factors in the Financial Statements of the Tourism Sector in Colombia
Organizer of the Session: 649-300
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