ANALISIS DE LA SITUACION DE SOLVENCIA DEL SECTOR FARMACEUTICO EN ECUADOR UTILIZANDO EL INDICE Z-ALTMAN SCORE

Abstract

The pharmaceutical sector in Ecuador is, like the other large sectors, very important to a society’s health and plays a vital role for the country's economy. Due to this relationship between the sector and the economic area, a sector of the pharmaceutical sector can adversely affect the financial system of a country and can lead it to a crisis. It is for this reason that the importance of being able to predict the probability of insolvency of the most relevant companies in the sector is really critical, since they allow companies or industry to take action and be proactive. Over the years there have been many models that allow researchers to anticipate bankruptcy or insolvency. The objective of this research is to analyze a future not distant from the sector based on a selected number of companies belonging to the pharmaceutical industry; these enterprises will be taken as reference for this industry. The purpose of this research is to analyze the financial statements of the main pharmaceutical companies in Ecuador to predict the probability of solvency