Determinantes de acceso al financiamiento bursátil en empresas societarias de Loja

Abstract

Abstract:The purpose of this paper is to identify the determinants of access to stock financing in corporate companies in Loja. A survey with intensity scale was applied to 58 business leaders that constitute the total population. The consistency of the questionnaire was validated through Cronbach's Alpha, to guarantee the reliability of the results, and with it the descriptive analysis was carried out, based on counts and frequencies. A determination measurement was obtained based on the generation of a specific variable that accumulates the results of the variables considered determinants. The main results show that Loja's medium-sized companies do not have enough capital to expand their operations, so it is necessary to resort to financing sources, having as a first option, requesting a bank loan and leaving aside the stock market, mainly due to ignorance. According to the counts obtained at the level of determination, 55 entrepreneurs would be willing to adapt the business situation to gain access to the stock market.