Determinantes de la rentabilidad de las Pymes ecuatorianas: provincia Guayas, sector M711, periodo 2023

Abstract

Abstract: This paper, entitled "Determinants of the Profitability of Ecuadorian SMEs, Guayas Province, Sector M711, for the period 2023," which refers to the Architecture and Engineering and Technical Consulting activity, provides a representative contribution by verifying the financial analysis of SMEs through a regression process. Indebtedness and age have a negative and significant impact on ROA, while age maintains a relationship with ROE. These results indicate that, as companies become more mature or increase their debt, they tend to decrease their profitability on both their assets and equity. This change is due to a lack of external financing management, a lack of operational renewal, or inflexible structures typical of companies with a longer track record. Given this, SMEs are encouraged to improve their financial structure by reducing their non-performing debt burden, strengthening their innovation processes, and improving the use of their resources. This will improve SMEs' ability to adapt to the competitive environment and achieve more solid and sustainable financing over time.