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

Abstract

Abstract: The International Financial Reporting Standards, facilitate the application of basic and complex financial instruments, allowing to standardize rules, structure and interpretation of financial statements to have comparable financial information between local and foreign companies, for this reason the main objective of this research was to analyze the use of financial instruments in the profitability of companies in the canton Mejia of the province of Pichincha in the period 2017 - 2021, for which, a research design, non-experimental and a descriptive type of research was used, hence the data of 114 companies, downloaded from the Superintendence of Companies, Securities and Insurance are adjusted to a specific period and not manipulated, allowing to establish the characterization, behavior and participation of financial instruments in the profitability of companies and by economic sectors, as well as the correlation with ROA and ROE metrics. The results showed that financial instruments have an assertive influence with variable correlations between weak and medium with financial liabilities and high correlation with equity instruments.