Liquidity, responsiveness, and external shocks: A firm-level approach

Paul Vera-Gilces (), Jack Zambrano (), José Gabriel Castillo García (), Xavier Ordeñana (), Segundo Camino-Mogro and Juan Dominguez ()
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Paul Vera-Gilces: Observatorio Estadístico de Banano
Jack Zambrano: ESPAE Graduate School of Management, Escuela Superior Politécnica del Litoral (ESPOL)
José Gabriel Castillo García: Escuela Superior Politécnica del Litoral (ESPOL)
Xavier Ordeñana: ESPAE Graduate School of Management, Escuela Superior Politécnica del Litoral (ESPOL)
Juan Dominguez: ESPAE Graduate School of Management, Escuela Superior Politécnica del Litoral (ESPOL)

Economics Bulletin, 2025, vol. 45, issue 2, 809 - 822

Abstract: This document presents an analytical tool that allows monitoring the liquidity conditions of firms in Ecuador. In this way, we analyze the situation of the firms using liquidity ratios and constructing the operating cash flow of the firms. Our results show that at least half of the firms in Ecuador have liquidity problems because of the COVID-19 pandemic and that their working capital has a slow adjustment level when facing adverse situations.

Keywords: Liquidity; External shock; Covid-19; Ecuador (search for similar items in EconPapers)
JEL-codes: L1 L2 (search for similar items in EconPapers)
Date: 2025-06-30
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