Resumo

RIVERA GODOY, Jorge A.  e  RUIZ ACERO, Daniel. Financial performance analysis of innovative companies in the food and beverage industry in Colombia. Pensam. gest. [online]. 2011, n.31, pp. 109-136. ISSN 2145-941X.

The article presents the findings from the financial evaluation of Colombian innovating companies of the food and beverage sector conducted through the study of their efficiency, efficacy and effectiveness in obtaining and using financial resources, to verify if the basic financial objective of creating economic value is achieved. The research covers the 2000-2008 periods, and it uses financial indicators based on accounting and economic value added information. We found that innovating companies only create value until 2003; from 2004 onwards they begin to destroy it, without showing any trend towards recovery or deterioration. This is mainly due to the behavior of efficiency in their use of assets. When comparing them to non innovating companies, we found that the innovating ones destroy less value and are more efficient, but less effective.

Palavras-chave : Financial performance; innovating companies; financial analysis of innovating companies; food and beverage sector.