<?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>2248-6046</journal-id>
<journal-title><![CDATA[Revista Finanzas y Política Económica]]></journal-title>
<abbrev-journal-title><![CDATA[Finanz. polit. econ.]]></abbrev-journal-title>
<issn>2248-6046</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2248-60462023000100213</article-id>
<article-id pub-id-type="doi">10.14718/revfinanzpolitecon.v15.n1.2023.9</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Medición de los factores que determinan la creación de valor en los sectores económicos colombianos: periodo 2016-2020]]></article-title>
<article-title xml:lang="en"><![CDATA[Measurement of the factors that determine value creation in Colombian economic sectors: period 2016-2020]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Roque]]></surname>
<given-names><![CDATA[Daniel Isaac]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Caicedo Carrero]]></surname>
<given-names><![CDATA[Andrés]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[De Con]]></surname>
<given-names><![CDATA[Fidel de la Oliva]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Corporación Universitaria Iberoamericana  ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
</aff>
<aff id="Af2">
<institution><![CDATA[,Corporación Universitaria Iberoamericana  ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad de La Habana  ]]></institution>
<addr-line><![CDATA[La Habana ]]></addr-line>
<country>Cuba</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2023</year>
</pub-date>
<volume>15</volume>
<numero>1</numero>
<fpage>213</fpage>
<lpage>244</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2248-60462023000100213&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2248-60462023000100213&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2248-60462023000100213&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo del estudio se centra en analizar los factores que determinan la creación de valor económico en los sectores económicos de Colombia. La investigación se desarrolla bajo un enfoque metodológico cuantitativo, con diseño correlacional. Se busca medir la asociación entre el Valor Económico Agregado (EVA) y los factores que lo determinan; para tal fin se analizan un total de 9037 empresas distribuidas en nueve sectores económicos colombianos. Los resultados de las pruebas estadísticas (correlación y regresión lineal) revelan una baja relación entre la creación de valor económico agregado y los determinantes del EVA definidos para el estudio. Se concluye que existe baja asociación lineal entre los determinantes del EVA y el EVA, lo cual demuestra que la creación de valor de las empresas hacia sus accionistas no depende de un solo elemento, al contrario, es la suma de la sinergia que tengan las empresas en su interior. Clasificación JEL: G12, G30, G32.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The objective of the study is to analyze the factors that determine the creation of economic value in Colombia's economic sectors. The research is developed under a quantitative methodological approach, under a correlational design. This scope of research seeks to measure the association between EVA and the factors that determine it. For this purpose, a total of 9037 companies distributed in nine Colombian economic sectors were analyzed. The results of the statistical tests (correlation and linear regression) reveal a low relationship between the creation of economic value added and the EVA determinants defined for the study. This allows us to conclude that there is a low linear association between the determinants of EVA and EVA, which shows that the value creation of companies towards their shareholders does not depend on a single element, on the contrary, it is the sum of the synergy that the companies have within themselves.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[apalancamiento]]></kwd>
<kwd lng="es"><![CDATA[liquidez]]></kwd>
<kwd lng="es"><![CDATA[tamaño de la empresa]]></kwd>
<kwd lng="es"><![CDATA[riesgo]]></kwd>
<kwd lng="es"><![CDATA[valor económico agregado]]></kwd>
<kwd lng="es"><![CDATA[Colombia]]></kwd>
<kwd lng="en"><![CDATA[Leverage]]></kwd>
<kwd lng="en"><![CDATA[liquidity]]></kwd>
<kwd lng="en"><![CDATA[size of the company]]></kwd>
<kwd lng="en"><![CDATA[risk]]></kwd>
<kwd lng="en"><![CDATA[economic value added]]></kwd>
<kwd lng="en"><![CDATA[Colombia]]></kwd>
</kwd-group>
</article-meta>
</front><back>
<ref-list>
<ref id="B1">
<label>1</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Al-Sa'eed]]></surname>
<given-names><![CDATA[M. A. A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The impact of ownership structure and dividends on firm's performance: Evidence from manufacturing companies listed on the Amman Stock Exchange]]></article-title>
<source><![CDATA[Australasian Accounting, Business and Finance Journal]]></source>
<year>2018</year>
<volume>12</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>87-106</page-range></nlm-citation>
</ref>
<ref id="B2">
<label>2</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Bagci]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Türkiye Tekstil ve Hazir Giyim Sektörünün Finansal Durum Analizi]]></article-title>
<source><![CDATA[Marmara Universitesi Iktisadi ve Idari Bilimler Dergisi]]></source>
<year>2015</year>
<volume>37</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>83-100</page-range></nlm-citation>
</ref>
<ref id="B3">
<label>3</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Bernal]]></surname>
<given-names><![CDATA[C. A.]]></given-names>
</name>
</person-group>
<source><![CDATA[Metodología de investigación]]></source>
<year>2016</year>
<edition>4ta</edition>
<publisher-name><![CDATA[Pearson Educación de Colombia]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B4">
<label>4</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Bluszcz]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Kijewska]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Sojda]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Economic value added in metallurgy and mining sector in Poland]]></article-title>
<source><![CDATA[Metalurgija]]></source>
<year>2015</year>
<volume>54</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>437-40</page-range></nlm-citation>
</ref>
<ref id="B5">
<label>5</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Brewer]]></surname>
<given-names><![CDATA[P C.]]></given-names>
</name>
<name>
<surname><![CDATA[Chandra]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Hock]]></surname>
<given-names><![CDATA[C. A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Economic value added (EVA): Its uses and limitations]]></article-title>
<source><![CDATA[SAM Advanced Management Journal]]></source>
<year>1999</year>
<volume>64</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>4</page-range></nlm-citation>
</ref>
<ref id="B6">
<label>6</label><nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Brigham]]></surname>
<given-names><![CDATA[J. C.]]></given-names>
</name>
<name>
<surname><![CDATA[Bennett]]></surname>
<given-names><![CDATA[L. B.]]></given-names>
</name>
<name>
<surname><![CDATA[Meissner]]></surname>
<given-names><![CDATA[C. A.]]></given-names>
</name>
<name>
<surname><![CDATA[Mitchell]]></surname>
<given-names><![CDATA[T L.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The influence of race on eyewitness memory]]></article-title>
<person-group person-group-type="editor">
<name>
<surname><![CDATA[Lindsay]]></surname>
<given-names><![CDATA[R. C. L.]]></given-names>
</name>
<name>
<surname><![CDATA[Ross]]></surname>
<given-names><![CDATA[D. F.]]></given-names>
</name>
<name>
<surname><![CDATA[Read]]></surname>
<given-names><![CDATA[J. D.]]></given-names>
</name>
<name>
<surname><![CDATA[Toglia]]></surname>
<given-names><![CDATA[M. P]]></given-names>
</name>
</person-group>
<source><![CDATA[The Handbook of Eyewitness Psychology]]></source>
<year>2007</year>
<volume>2</volume>
<page-range>257-81</page-range></nlm-citation>
</ref>
<ref id="B7">
<label>7</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Chi]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Zou]]></surname>
<given-names><![CDATA[W.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The EVA-based integrated framework of value-based management accounting-an exploration from the perspective of being systematic and specific]]></article-title>
<source><![CDATA[Accounting Research]]></source>
<year>2015</year>
<volume>36</volume>
<numero>12</numero>
<issue>12</issue>
<page-range>38-44</page-range></nlm-citation>
</ref>
<ref id="B8">
<label>8</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Chiwamit]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
<name>
<surname><![CDATA[Modell]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Scapens]]></surname>
<given-names><![CDATA[R. W.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Regulation and adaptation of management accounting innovations: The case of economic value added in Thai state-owned enterprises]]></article-title>
<source><![CDATA[Management Accounting Research]]></source>
<year>2017</year>
<volume>37</volume>
<page-range>30-48</page-range></nlm-citation>
</ref>
<ref id="B9">
<label>9</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Chiwamit]]></surname>
<given-names><![CDATA[P]]></given-names>
</name>
<name>
<surname><![CDATA[Modell]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Yang]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The societal relevance of management accounting innovations: Economic value added and institutional work in the fields of Chinese and Thai stateowned enterprises]]></article-title>
<source><![CDATA[Accounting and Business Reserach]]></source>
<year>2014</year>
<volume>44</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>144-80</page-range></nlm-citation>
</ref>
<ref id="B10">
<label>10</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Dewri]]></surname>
<given-names><![CDATA[L. V.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A critical assessment of interrelationship among corporate governance, financial performance, refined economic value added to measure firm value and return on stock]]></article-title>
<source><![CDATA[Journal of the Knowledge Economy]]></source>
<year>2022</year>
<volume>13</volume>
<page-range>2718-59</page-range></nlm-citation>
</ref>
<ref id="B11">
<label>11</label><nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Fialkovska]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[New Trends in Finance and Accounting, Springer Proceedings in Business and Economics]]></article-title>
<source><![CDATA[Determinant factors of Economic Value Added: case of Ukrainian wineries]]></source>
<year>2017</year>
<page-range>739-47</page-range></nlm-citation>
</ref>
<ref id="B12">
<label>12</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Geng]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Liu]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Liao]]></surname>
<given-names><![CDATA[X.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Operating performance of tourism listed companies in China: The perspective of Economic Value Added]]></article-title>
<source><![CDATA[SAGE Open]]></source>
<year>2021</year>
<volume>11</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>1-11</page-range></nlm-citation>
</ref>
<ref id="B13">
<label>13</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Gutiérrez]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Mejía]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Gómez]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Riesgo de crédito, costo de capital y apalancamiento financiero excesivo]]></article-title>
<source><![CDATA[Ecos de Economía: Revista Latinoamericana de Economía Aplicada]]></source>
<year>2020</year>
<volume>23</volume>
<numero>49</numero>
<issue>49</issue>
<page-range>45-70</page-range></nlm-citation>
</ref>
<ref id="B14">
<label>14</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Grant]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<source><![CDATA[Foundations of economic value added]]></source>
<year>2003</year>
<edition>2nd</edition>
<publisher-loc><![CDATA[New York ]]></publisher-loc>
<publisher-name><![CDATA[John Wiley &amp; Sons]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B15">
<label>15</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Isaac Roque]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Caicedo Carrero]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Relación entre la creación de valor económico y la insolvencia financiera en empresas no cotizantes en el mercado de valores de Colombia (2016-2019)]]></article-title>
<source><![CDATA[Semestre Económico]]></source>
<year>2022</year>
<volume>24</volume>
<numero>57</numero>
<issue>57</issue>
<page-range>76-97</page-range></nlm-citation>
</ref>
<ref id="B16">
<label>16</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Khan]]></surname>
<given-names><![CDATA[M. K.]]></given-names>
</name>
<name>
<surname><![CDATA[Nouman]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Teng]]></surname>
<given-names><![CDATA[J. Z.]]></given-names>
</name>
<name>
<surname><![CDATA[Khan]]></surname>
<given-names><![CDATA[M. I.]]></given-names>
</name>
<name>
<surname><![CDATA[Jadoon]]></surname>
<given-names><![CDATA[A. U.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Determinants of financial performance of financial sectors (An assessment through economic value added)]]></article-title>
<source><![CDATA[European Academic Research]]></source>
<year>2017</year>
<volume>5</volume>
<numero>7</numero>
<issue>7</issue>
<page-range>3291-329</page-range></nlm-citation>
</ref>
<ref id="B17">
<label>17</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ko]]></surname>
<given-names><![CDATA[K. J.]]></given-names>
</name>
<name>
<surname><![CDATA[Park]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Shin]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[An examination on factors that influence the creation of Economic Value Added to the professional teams: Focusing on Korea Baseball Organization (KBO)]]></article-title>
<source><![CDATA[Journal of Applied Business Research (JABR)]]></source>
<year>2021</year>
<volume>37</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>61-72</page-range></nlm-citation>
</ref>
<ref id="B18">
<label>18</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Koziol]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A simple correction of the WACC discount rate for default risk and bankruptcy costs]]></article-title>
<source><![CDATA[Quant Finan Acc]]></source>
<year>2013</year>
<volume>42</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>653-66</page-range></nlm-citation>
</ref>
<ref id="B19">
<label>19</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Martínez]]></surname>
<given-names><![CDATA[R. M.]]></given-names>
</name>
<name>
<surname><![CDATA[Tuya]]></surname>
<given-names><![CDATA[L. C.]]></given-names>
</name>
<name>
<surname><![CDATA[Martínez]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Pérez]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Cánovas]]></surname>
<given-names><![CDATA[A. M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[El coeficiente de correlación de los rangos de Spearman caracterización]]></article-title>
<source><![CDATA[Revista Habanera de Ciencias Médicas]]></source>
<year>2009</year>
<volume>8</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>1-19</page-range></nlm-citation>
</ref>
<ref id="B20">
<label>20</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[McLaren]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Appleyard]]></surname>
<given-names><![CDATA[T]]></given-names>
</name>
<name>
<surname><![CDATA[Mitchell]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The rise and fall of management accounting systems: A case study investigation of EVATM]]></article-title>
<source><![CDATA[British Accounting Review]]></source>
<year>2016</year>
<volume>48</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>341-58</page-range></nlm-citation>
</ref>
<ref id="B21">
<label>21</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Orozco]]></surname>
<given-names><![CDATA[L. A.]]></given-names>
</name>
<name>
<surname><![CDATA[Vargas]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Galindo-Dorado]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Trends on the relationship between board size and financial and reputational corporate performance: The Colombian case]]></article-title>
<source><![CDATA[European Journal of Management and Business Economics]]></source>
<year>2018</year>
<volume>27</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>183-97</page-range></nlm-citation>
</ref>
<ref id="B22">
<label>22</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Osho]]></surname>
<given-names><![CDATA[O.]]></given-names>
</name>
<name>
<surname><![CDATA[Omankhanlen]]></surname>
<given-names><![CDATA[A. E.]]></given-names>
</name>
<name>
<surname><![CDATA[fasanmi]]></surname>
<given-names><![CDATA[O.]]></given-names>
</name>
<name>
<surname><![CDATA[Akinjare]]></surname>
<given-names><![CDATA[V. A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Liquidity and the performance of the nigerian manufacturing firms: An economic value-added]]></article-title>
<source><![CDATA[Wseas Transactions on Environment and Development]]></source>
<year>2020</year>
<volume>17</volume>
<page-range>47-55</page-range></nlm-citation>
</ref>
<ref id="B23">
<label>23</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Priester]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
<name>
<surname><![CDATA[Wang]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<source><![CDATA[Financial strategies for the manager]]></source>
<year>2010</year>
<publisher-name><![CDATA[Springer Science &amp; Business Media]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B24">
<label>24</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Priyanka]]></surname>
<given-names><![CDATA[T]]></given-names>
</name>
<name>
<surname><![CDATA[Sudha]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Concept of economic value added and its application in commercial banks]]></article-title>
<source><![CDATA[International Journal of Scientific &amp; Technology Research]]></source>
<year>2020</year>
<volume>9</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>1639-41</page-range></nlm-citation>
</ref>
<ref id="B25">
<label>25</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Rivera]]></surname>
<given-names><![CDATA[J. A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Estudio financiero de las pymes dedicadas a la compraventa de vehículos automotores nuevos en Colombia]]></article-title>
<source><![CDATA[Revista CIES Escolme]]></source>
<year>2021</year>
<volume>12</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>171-93</page-range></nlm-citation>
</ref>
<ref id="B26">
<label>26</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Roque]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Muñoz]]></surname>
<given-names><![CDATA[A. N.]]></given-names>
</name>
<name>
<surname><![CDATA[Escobar]]></surname>
<given-names><![CDATA[J. H.]]></given-names>
</name>
<name>
<surname><![CDATA[De la Oliva]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The use of accounting beta as a risk assessment method for unlisted companies in Colombia]]></article-title>
<source><![CDATA[Universidad y Sociedad]]></source>
<year>2021</year>
<volume>13</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>23-30</page-range></nlm-citation>
</ref>
<ref id="B27">
<label>27</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Roque]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Caicedo]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Uso del valor económico agregado en empresas no cotizantes en el mercado de valores de Colombia]]></article-title>
<source><![CDATA[Universidad y Sociedad]]></source>
<year>2021</year>
<volume>13</volume>
<numero>S3</numero>
<issue>S3</issue>
<page-range>592-602</page-range></nlm-citation>
</ref>
<ref id="B28">
<label>28</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Salkind]]></surname>
<given-names><![CDATA[N. J.]]></given-names>
</name>
</person-group>
<source><![CDATA[Método de investigación]]></source>
<year>1998</year>
<publisher-name><![CDATA[Prentice-Hall]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B29">
<label>29</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Susanti]]></surname>
<given-names><![CDATA[N.]]></given-names>
</name>
<name>
<surname><![CDATA[Restiana]]></surname>
<given-names><![CDATA[N. G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[What's the best factor to determining firm value?]]></article-title>
<source><![CDATA[Jurnal Keuangan dan Perbankan]]></source>
<year>2018</year>
<volume>22</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>301-9</page-range></nlm-citation>
</ref>
<ref id="B30">
<label>30</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Tudose]]></surname>
<given-names><![CDATA[M. B.]]></given-names>
</name>
<name>
<surname><![CDATA[Rusu]]></surname>
<given-names><![CDATA[V. D.]]></given-names>
</name>
<name>
<surname><![CDATA[Avasilcai]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Performance management for growth: A framework based on EVA]]></article-title>
<source><![CDATA[Journal of Risk and Financial Management]]></source>
<year>2021</year>
<volume>14</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>2-19</page-range></nlm-citation>
</ref>
<ref id="B31">
<label>31</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Tudose]]></surname>
<given-names><![CDATA[M. B.]]></given-names>
</name>
<name>
<surname><![CDATA[Rusu]]></surname>
<given-names><![CDATA[V. D.]]></given-names>
</name>
<name>
<surname><![CDATA[Avasilcai]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Financial performance-determinants and interdependencies between measurement indicators]]></article-title>
<source><![CDATA[Business, Management and Economics Engineering]]></source>
<year>2022</year>
<volume>20</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>119-38</page-range></nlm-citation>
</ref>
<ref id="B32">
<label>32</label><nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Wooldridge]]></surname>
<given-names><![CDATA[J. M.]]></given-names>
</name>
</person-group>
<source><![CDATA[Introducción a la econometria. Un enfoque moderno]]></source>
<year>2009</year>
<edition>4ta</edition>
<publisher-name><![CDATA[Cengage Learning]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B33">
<label>33</label><nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Aboud]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Determinants of economic value added (EVA) in Chinese listed banks]]></article-title>
<source><![CDATA[Asian Review of Accounting]]></source>
<year>2019</year>
<volume>27</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>595-613</page-range></nlm-citation>
</ref>
</ref-list>
</back>
</article>
