Restricciones financieras y su relación con la rentabilidad de las empresas comerciales, 2014 - 2022

Abstract

Abstract: The study analyzes the influence of financial constraints on the profitability of SMEs in the commercial sector of Manabí between 2014 and 2022. The study is structured in four chapters ranging from the theoretical framework to the presentation of results and conclusions. The methodological analysis includes key indicators to determine financial constraints such as liquidity, acid test, indebtedness, interest coverage, asset turnover, and their relationship with ROE and ROA profitability. The results show that correlations between financial ratios and profitability are generally weak for SMEs in Manabí, suggesting that factors other than conventional financial metrics are influencing profitability. Firms show resilience in maintaining profitability despite financial constraints, aiming for diversified and flexible operational and financial strategies.