Resumen

RIVERA GODOY, JORGE ALBERTO  y  ALARCON MORALES, DIANA STELLA. Capital charge in the financial performance evaluation of innovative clothing manufacturing companies in Cali. estud.gerenc. [online]. 2012, vol.28, n.123, pp.85-100. ISSN 0123-5923.

The aim is to understand the impact of capital charge on the value of innovative clothing manufacturing companies in Cali by following the theoretical guidelines of management based on value, using the analysis of the economic value added in the years 2002-2007 as methodology. It is discovered that the sector destroys value, considering that the increase of assets does not lead to similar growth of operational profit after deducting taxes, but instead leads to an increase in the capital charge, regardless of the country risk. New questions arise as to whether investment in innovation will improve the productivity in the future and whether the capital cost will continue to decrease.

Palabras clave : Capital cost; creation of value; EVA (Economic Value Added); innovation; clothing manufacturing industry.

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