Dinámicas de la madurez de la deuda y desempeño financiero en las PYMES ecuatorianas del subsector CIIU C22 - Fabricación De Productos de Caucho y Plástico durante el Período, 2018 a 2022

Abstract

Abstract:This research aims to examine the debt maturity of Ecuadorian SMEs in the CIIU C22 subsector from 2018 to 2022 and determine its relationship with financial performance. The methodology used was quantitative, with a non-experimental correlational design and a descriptive method. The results showed that medium-sized companies tend to have a larger number of employees, revenue, assets, equity, sales, and profits, concentrated mainly in Guayas and Pichincha. SMEs maintain a prudent debt structure, especially in 2022, as well as leverage, ROE, and ROA, while size shows an upward trend. A comparison of debt maturity showed a weak negative relationship with ROE and a positive relationship with size. It is concluded that size explains debt maturity because larger businesses have greater stability and ease of access to long-term financing. On the other hand, ROE explains the maturity of SMEs with higher profitability, which tends to be more cautious when taking on debt. ROA is not an explanatory variable for maturity.