Estructura de financiamiento de las pequeñas y medianas empresas del Ecuador de la zona 5, período 2014-2017.

Abstract

Abstract:SMEs constitute a significant part within the economies of the countries, contributing to the production of goods and services, in addition to generating employment positions and favoring the economic and social growth of nations. Therefore, the present research work has as main objective to analyze the financing structure of the small and medium companies of Ecuador in zone 5, period 2014-2017. A descriptive investigation was applied for the analysis of the variables of business and financial organization of the study companies, with quantitative and qualitative approach. We worked with a sample of 506 companies, obtained from the database of the Superintendence of Companies, Securities and Insurance (SUPERCIAS). The results indicate that Ecuadorian SMEs in zone 5 choose to finance themselves mainly with their own resources (financing with suppliers) and to a lesser extent with external financing (financial institutions), as well as the companies in their financial structure have liquidity, indebtedness and profitability within the optimal standards, allowing companies in the sector studied to have resources to cover obligations generated by the activities of the business.