Economic value added in manufacturing companies in the industrial sector of period 2008-2012 Cúcuta Valor económico agregado en las empresas del sector industrial manufacturero de Cúcuta periodo 2008-2012

Abstract

Background: The manufacturing industry in Cúcuta is considered important because of the relevance of this sector of the economy either due to demand for products and services, employment generation and economic impact on different other economic activities on the city. Objective: This paper makes part of a research on value creation in the manufacturing sector of Cúcuta Colombia Norte de Santander Department in 2008-2012. It is intended to describe the behavior of this indicator in the sector. Methods: The study was developed with a quantitative approach; the scope of the research was descriptive with a non- experimental design. For this, a trend analysis of financial indicators related to value creation based on accounting information was made. Results: This research found that no value is created in the sector or in any of the subsectors studied during five years; this is due to the decrease in operating income and rising inventories coupled with the fact that cost of capital is high compared to the performance of equity. Conclusions: There is low industrial vocation in the city, less contribution of the sector on the GDP year after year, hence regional economy has been affected in both social and economic indicators.