Determinantes de la rentabilidad de las Pymes ecuatorianas: sector F432, período

Abstract

Abstract: The financial profitability of small and medium-sized enterprises (SMEs) has gained importance due to the presence of internal and external factors that limit their annual performance. This research aims to analyze the determining factors in the profitability of SMEs in the F432 sector during the period until 2023 using a quantitative methodology with a non-experimental design. The study population consists of 190 companies registered with the Superintendency of Companies (SuperCias). Among the main results are that debt significantly influences profitability and ROA; however, there is no correlation between this and ROE, which may be due to resource management that reduces their dependence on external financing. It is concluded that SMEs in the F432 sector have strengthened their financial structure through business decision-making. It is recommended that the study be used as a reference for future research related to the management of financial indicators to reduce liquidity risk.