Análisis del financiamiento y su relación con la rentabilidad en las empresas manufactureras de alimentos y bebidas de la provincia de Pichincha, período 2017-2022

Abstract

Abstract: The purpose of the following analysis was to determine whether the current theories of capital structure can explain the financial performance of companies located in the province of Pichincha from 2017 to 2022. The methodology applied was quantitative and analytical, using data obtained from the Superintendency of Companies, Securities, and Insurance for the 100 companies with the highest performance in the province of Pichincha during 2023. By employing a panel data model applying random effects, it was found that there is no statistically significant relationship between sources of financing and profitability, suggesting that traditional capital theory models are not directly applicable to non-publicly traded food companies. In conclusion, it is considered necessary to find new theories and models that can explain how financing influences this particular type of company.