Dinámicas de la madurez de la deuda y desempeño financiero en las PYMES ecuatorianas del subsector CIIU F41 construcción de edificios durante el período, 2018 a 2022

Abstract

Abstract:This research aimed to examine the financial structure of Ecuadorian SMEs in the CIIU F41 building construction subsector in terms of debt maturity during the 2018-2022 period, to determine its relationship with the macroeconomic environment and financial performance. A quantitative methodology, the deductive and inductive research method, descriptive statistical analysis, and nonparametric tests were applied, allowing for a rigorous assessment of the relationship between variables. The use of measures such as the median was key to managing skewed distributions and adequately representing the central tendency of the financial data. The results showed a strong dependence on short-term financing and a median long-term debt of zero, indicating that more than half of the companies do not have access to structured debt. While the ROE and ROA indicators present positive averages, their medians close to zero reflect limited overall profitability. It is concluded that debt maturity in these companies depends more on structural constraints and the economic environment than on their financial performance. The findings suggest the need for public policies that promote access to long-term credit and strengthen corporate financial capabilities. Keywords: debt maturity, financial performance, construction.