Dinámicas de la madurez de la deuda y desempeño financiero en las PYMES ecuatorianas del subsector CIIU R90 - Actividades creativas, artísticas y de entretenimiento, durante el período 2018 a 2022

Abstract

Abstract: This paper aims to analyze the dynamics of debt maturity and its relationship with the financial performance of SMEs in the CIIU R90 subsector Creative, artistic, and entertainment activities in Ecuador during the period 2018-2022. The methodology applied was a non-experimental, correlational design, with a quantitative approach. The sample of companies analyzed consisted of 123 entities, whose data were obtained from the database of the Superintendency of Companies, Securities, and Insurance. The results show that the majority of SMEs in the sample are small, 76% in 2022, and that 77% are concentrated in Guayas and Pichincha. Regarding debt maturity, small companies have an average level of 0.15 and the median level of 0.29. Furthermore, it was observed that the correlation coefficients between maturity level and ROA and ROE are positive but very weak, at 0.20 and 0.097, respectively. Therefore, the financial performance of the R90 subsector is not conditioned by debt financing strategies.