La eficiencia relativa del sector real versus la del sector financiero de la economía colombiana

The objective of this research is to compare the companies of the real sector of the economy and the entities of the Colombian financial sector for the year 2014, in terms of relative efficiency, through the application of the Data Envelopment Analysis (DEA) methodology. For a country like Colombia,...

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Bibliographic Details
Published in:Apuntes del CENES 2017-07, Vol.36 (64), p.111-138
Main Authors: Lozano, Gloria Isabel Rodríguez, Muñoz, Michael Hernando Sarmiento
Format: Article
Language:eng ; spa
Subjects:
Data envelopment analysis
Efficiency
Financial services
Insurance industry
Operations research
Studies
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Summary:The objective of this research is to compare the companies of the real sector of the economy and the entities of the Colombian financial sector for the year 2014, in terms of relative efficiency, through the application of the Data Envelopment Analysis (DEA) methodology. For a country like Colombia, belonging to the emerging economies, it is important to conduct this study to determine how far these two sectors are efficient or inefficient, given the importance they have in generating development and reducing social inequalities. We take as source of information the Superintendencia de Sociedades and the Superintendencia Financiera. 26,799 companies in the real sector and financial sector entities 254 were analyzed resulting in better indicators for the financial sector and within this, the insurance industry stands. However it is necessary that these two sectors improve their performance to the extent that only 2.6% of studied companies and entities are efficient.
ISSN:0120-3053
2256-5779
DOI:10.19053/01203053.v36.n64.2017.5258