Determinantes de la rentabilidad de las Pymes ecuatorianas: sectores C170 y C181, período 2023

Abstract

Abstract: The purpose of this study is to examine the determinants of profitability for SMEs in the manufacturing sector, focusing on the C170 and C181 sectors in Ecuador. The study population includes 177 companies that reported their financial statements to the Superintendency of Companies, Securities, and Insurance in 2023. For this research, descriptive statistics and multiple regression methods were used to establish the relationship between the variables that explain the financial profitability of these companies. The results indicate that liquidity, age, and size, measured by the natural logarithm of company assets, have a negative but not statistically significant impact on SME profitability. Meanwhile, the level of debt maintains a negative but highly statistically significant effect, suggesting that higher debt levels decrease profitability. This paper highlights the importance of financial indicators and how they can significantly affect performance. They are useful for companies in the sector studied, as they can be used to examine, optimize, and increase profitability.