Análisis económico-financiero de las empresas concesionarias de automóviles en España

Abstract

This paper makes an economic and nancial analysis of car dealerships in spain, usingdata from sabi database. Moreover, it analyses the economicand nancial characteristics ofrms that determinate that, in the same crisiscontext, some rms manage to have positive prot, while other ones havelosses. For doing that, a binary choice model is estimated, which allowsto conclude that companies with best behavior against the crisis have been the largest, who have reduced its debt while increasing its liquidity ratio and its capacity toreturn its debt. The youngest rms are better adapted tothe crisis and nally has also positively inuenced if rms have been able to contain costs.