Dinámicas de la madurez de la deuda y desempeño financiero en las PYMES ecuatorianas del subsector CIIU K64 - Actividades de servicios financieros, excepto las de seguros y fondos de pensiones durante el Período, 2018 a 2022

Abstract

Abstract: The research aims to examine the financial structure of Ecuadorian SMEs in the K64 subsector in terms of debt maturity between 2018 and 2022, to determine its relationship with the macroeconomic environment and their financial performance. A correlational and descriptive study with a quantitative approach, the results show that SMEs are between 13 and 15 years old, mostly live in urban areas (Quito, Guayaquil), and concentrate on holding companies and investments. Their size ranges from emerging small businesses to medium-sized businesses that are beginning to act as large businesses. Most are financed with equity, and those that are financed prefer short-term financing, while those that are long-term financing use very high amounts. The maturity of debt in SMEs is primarily determined by factors internal to the company, rather than by external or macroeconomic variables. In conclusion, long-term debt for SMEs in the K64 subsector is not widespread, but rather an exception that depends on specific factors such as the financial maturity, size, and institutional stability of each company.