Incidencia del uso de los instrumentos financieros en la rentabilidad de las empresas del cantón La Libertad de la provincia de Santa Elena en el período 2017 - 2021

Abstract

Abstract: The analysis and correct application of the accounting treatment of financial instruments as indicated in IFRS 9 allows delivering reliable financial information and with it making decisions to reduce the risks inherent in the line of business, which in turn allow companies to generate a higher return on investment. That is why the objective of this study is to analyze the use of financial instruments in the profitability of companies in the canton La Libertad, belonging to the province of Santa Elena, in the period 2017-2021, for which a non-experimental design was used, where the financial instruments used were identified in the first instance, both in assets, liabilities and equity of the years of study, to subsequently identify the financial instruments available to the company and analyze their behavior through the measurement of ROE and ROA indicators. It was observed that there is a correlation between these indicators and the financial instruments, either directly or inversely; however, the financial instruments used by the companies in the canton of La Libertad are basic and no hedging mechanisms are applied that allow the companies to minimize the credit risk and the inherent risk present in each of the economic activities analyzed above. Financial instruments are mechanisms that generate liquidity in the companies; if they are not treated properly, they can affect the normal operation of the companies.