Determinantes de la rentabilidad de las Pymes ecuatorianas: sector C107, C108 y C110 periodo 2023

Abstract

Abstract: This study analyzes the determinants of profitability for Ecuadorian small and medium-sized enterprises (SMEs) in sectors C107, C108, and C110 during the year 2023. Using a non-experimental cross-sectional design and a quantitative-descriptive approach, the effects of variables such as liquidity, debt, size, and age on the profitability indicators ROA and ROE were examined. Descriptive statistics and multiple regression techniques were applied to a sample of 392 SMEs, using financial data obtained from the website of the Superintendency of Companies, Securities, and Insurance of Ecuador. The results determined that debt and firm age have a significant effect on ROA, while none of the variables analyzed showed a statistically significant relationship with ROE. This demonstrates the limited explanatory capacity of the model, especially with regard to return on equity. This research contributes to a better understanding of the factors that influence the financial performance of Ecuadorian SMEs and can serve as a basis for future business strengthening policies.