Crédito bancario y capital de trabajo en las empresas del sector comercio del Ecuador en el periodo 2015 - 2020

Abstract

Abstract:The present research is titled Bank Credit and Working Capital in the companies of the commercial sector of Ecuador in the period 2015-2020, its objective is to identify the effect of bank credit on working capital, for this, an analysis of descriptive statistics, correlational matrix and an econometric model of multivariate linear regression in balanced panel data of Ordinary Least Squares is performed, 335 commercial companies were analyzed. Based on the literature review it was established that the dependent variable is the ratio of current assets to total assets (CA) and the independent variables are financial indebtedness (End_fin), leverage (Apal), long-term indebtedness (End_lp), interest coverage (Cbr_cf), impact of financial burden (Imp_cf), profitability (ROA) and as control variables liquidity (Liq) and firm size (Ln_act) were used. It was concluded that the variables that negatively influence CA in the sector are: End_lp, Imp_cf and Ln_act, on the other hand have a positive influence Apal, ROA and Liq, i.e. the determinants of liabilities decrease working capital, however once employed, they can generate higher profits and returns.