Incidencia del uso de los instrumentos financieros en la rentabilidad de las empresas del cantón Portoviejo de la provincia de Manabí en el periodo 2017 - 2021

Abstract

Abstract: The objective of this work was to analyze the use of financial instruments in the profitability of companies in the Portoviejo canton of the province of Manabí in the period 2017-2021. This study had a non-experimental approach of a descriptive and cross-sectional type to analyze 225 active companies in the Portoviejo canton, with financial information from 2017 to 2021. The data was obtained from a database that contained the financial statements of the companies during that period. The information was filtered, including only companies with complete data in all years. With the statistical and financial analysis, the relationship between the use of financial instruments and business profitability was evaluated. Finally, it will be extended that most companies use current financial assets and liabilities related to IAS 32. Cash management has improved since 2019. Current trade accounts receivable increase in all periods, while current trade accounts payable increase in 2021. In addition, a positive connection was found between ROA and financial assets and financial liabilities.