Resumen

AMONZABEL GONZALES, Miguel Angel  y  PATRICIA, Amonzabel Gonzales. Desvalorización de la cooperativa de telecomunicaciones sucre limitada: Devalorization of the cooperative of telecomunicaciones sucre limitada. Investigación y Negocios [online]. 2019, vol.12, n.19, pp.46-64. ISSN 2521-2737.

Abstract The purpose of the present work is to estimate the enterprise value of the Cooperative of Telecommunications Sucre (COTES Ltda.) and indirectly the value of the contribution certificates, which represents the individual investment of each one of the partners of the company, taking in count the negative financial results (deficits) of the last decade that would be the result of distortions for political of registration accountant according to the executive management and the workers of the company imposed by the Authority of Regulation and Inspection of the Transports and Telecommunications and not to problems in the administration of the company. The work was done using methods of valuation of companies under the salesperson’s view, the article is framed in eminently descriptive-quantitative studies and it belongs to the case studies designs. As it’s proven in the development of the work, the hypothesis that the value of the certificates of COTES Ltda. has decreased has been proven. The application of methods of valuation indicates the destruction of value, reflected in a loss of value of the contribution certificate in an interval of 45.72% to 80.39% that implies a real smaller patrimony than the value of the contribution certificate in comparison to the paid nominal value.

Palabras clave : Contribution certificates; financial ratios; business valuation methods; weighted average cost of capital; salvage value of assets; statistical estimation.

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