<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422021000200015</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2021.2618</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Influencia del entorno financiero, el entorno macroeconómico, la estructura organizacional y la transparencia en la quiebra empresarial]]></article-title>
<article-title xml:lang="en"><![CDATA[Influence of the financial environment, the macroeconomic environment, the organizational structure and transparency in business bankruptcy]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Támara Ayús]]></surname>
<given-names><![CDATA[Armando Lenin]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Villegas Arias]]></surname>
<given-names><![CDATA[Gladis Cecilia]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad EAFIT  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de Medellín  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<volume>66</volume>
<numero>2</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422021000200015&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422021000200015&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422021000200015&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El papel que tienen las empresas en la economía de cualquier país no solo se debe mirar desde una óptica económica y financiera, sino también desde una mirada organizacional y de transparencia. La siguiente investigación plantea y desarrolla un Modelo de Ecuaciones Estructurales (MES) de tipo formativo fundamentado en Mínimos Cuadrados Parciales (PLS) con el objeto de evaluar el grado de influencia que ejercen los constructos Entorno Financiero, Entorno Macroeconómico, Estructura Organizacional y la Transparencia en la Quiebra Empresarial. Se trabaja con una muestra de 2.000 empresas que se estructuraron con base en los reportes de insolvencia que emite la Superintendencia de Sociedades de Colombia. Los resultados indican que cada uno de los constructos propuestos influye sobre el evento de la quiebra empresarial, siendo el constructo con mayor influencia el Entorno Financiero, mientras que, la Estructura Organizacional el de menor influencia.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract 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.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[B23]]></kwd>
<kwd lng="es"><![CDATA[C02]]></kwd>
<kwd lng="es"><![CDATA[G33]]></kwd>
<kwd lng="es"><![CDATA[Quiebra empresaria]]></kwd>
<kwd lng="es"><![CDATA[Estructura organizacional]]></kwd>
<kwd lng="es"><![CDATA[Transparencia]]></kwd>
<kwd lng="es"><![CDATA[Modelo de ecuaciones estructurales]]></kwd>
<kwd lng="es"><![CDATA[Mínimos cuadrados parciales]]></kwd>
<kwd lng="en"><![CDATA[B23]]></kwd>
<kwd lng="en"><![CDATA[C02]]></kwd>
<kwd lng="en"><![CDATA[G33]]></kwd>
<kwd lng="en"><![CDATA[Business bankruptcy]]></kwd>
<kwd lng="en"><![CDATA[Organizational structure]]></kwd>
<kwd lng="en"><![CDATA[Transparency]]></kwd>
<kwd lng="en"><![CDATA[Structural equation model]]></kwd>
<kwd lng="en"><![CDATA[Partial least squares]]></kwd>
</kwd-group>
</article-meta>
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