Corporate finance in public services companies in Subachoque and el Rosal Cundinamarca

Abstract

This study recognizes the incidence of corporate policies in the financial management of the Public Service Companies of Subachoque and El Rosal in the department of Cundinamarca. Reflectively, based on a descriptive approach, a financial diagnosis was generated to identify the aspects that influence the development of the corporate policies of these organizations, highlighting the impact of corporate governance on their financial development. The results determine that these do not include within its corporate policies the financial leverage of its operations, Likewise, regarding investment policies, it is reflected that they are planning their budgets to comply with the operating obligations, releasing the responsibility for value generation and growth to the Municipal Mayors.