Estrategias para la administración del efectivo y su relación con los resultados operativos de PYMES ecuatorianas sectores comercio y manufactura periodo 2012-2017

Abstract

Abstract: This research focuses on determining an analysis of the cash management strategies implemented by Ecuadorian SMEs in sector G (commerce) and C (manufacturing) in order to determine the relationship between the strategies and financial performance during the 2012-2017 period. The sample is constituted with financial information of 1424 commercial companies and 188 Ecuadorian manufacturing companies organized as panel data; a descriptive analysis and correlation of data is carried out. The results determined that the strategy, concentration of cash is well used for both sectors, in terms of strategies to streamline collections, delay in payments and expense accounts in zeros are negatively related to financial performance, affecting the profitability of the pymes. In a company regardless of size it is essential that profits are generated and that it has the necessary amount of cash to cover its financial obligations, for this purpose it is recommended to all Ecuadorian SMEs that implement these strategies in order to have productive businesses contributing to development Economic of the country.