Title: Behaviour of productivity indicators and financial resources in the field of extraction and exploitation of minerals in Colombia

Authors: José Morelos Gómez; Tomás José Fontalvo Herrera; Efraín De La Hoz Granadillo

Addresses: Industrial Administration Program, Faculty Economics Sciences, University of Cartagena, Cartagena, Colombia ' Department of Industrial Administration, Faculty Economics Sciences, University of Cartagena, Cartagena, Colombia ' Industrial Administration Program, Faculty Economics Sciences, University of Cartagena, Cartagena, Colombia

Abstract: This research presents the results of the analysis of the behaviour of productivity indicators and financial resources in the extractive sector of minerals in Colombia. The method used allowed the calculation of the indicators of productivity and financial, to the 31 companies that projected its financial statements in the information system and business risk (SIREM) for the years 2010 and 2013. Then we used the technique of multivariate analysis of data, to explain the membership and the existence of significant differences in the group of companies in the sector, which showed a decreasing behaviour from one period to another of the indicators reason net income and value added (IP3) and reason and net working capital (IP6), low productive capacity presented by the indicators of productivity (IP2) and (IP5), as a result of the deficiencies in sales (IE3) and low investment that will drive growth in the cluster.

Keywords: productivity; financial rates; minerals; discriminant analysis; energy; efficiency; performance; measure; value added; extraction.

DOI: 10.1504/IJPQM.2018.095651

International Journal of Productivity and Quality Management, 2018 Vol.25 No.3, pp.349 - 367

Received: 08 Jun 2017
Accepted: 09 Oct 2017
Published online: 16 Oct 2018 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article