Abstract

TAMARA AYUS, Armando Lenin  and  VILLEGAS ARIAS, Gladis Cecilia. Influence of the financial environment, the macroeconomic environment, the organizational structure and transparency in business bankruptcy. Contad. Adm [online]. 2021, vol.66, n.2, 00015.  Epub Oct 11, 2021. ISSN 0186-1042.  https://doi.org/10.22201/fca.24488410e.2021.2618.

The role of companies in the economy of any country should not only be viewed from an economic and financial perspective, but also from an organizational and transparency perspective. The following research proposes and develops a Model of Structural Equations (MES) of a formative type based on Partial Least Squares (PLS) in order to assess the degree of influence exerted by the Financial Environment, Macroeconomic Environment, Organizational Structure and Transparency constructs in Business Bankruptcy. We work with a sample of 2,000 companies that were structured based on the insolvency reports issued by the Superintendency of Companies of Colombia. The results indicate that each of the proposed constructs influences the event of business bankruptcy, with the Financial Environment being the construct with the greatest influence, while the Organizational Structure the least influencing.

Keywords : B23; C02; G33; Business bankruptcy; Organizational structure; Transparency; Structural equation model; Partial least squares.

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