Dinámicas de la madurez de la deuda y desempeño financiero en las PYMES ecuatorianas del subsector CIIU R93: Actividades deportivas, de esparcimiento y recreativas; durante el periodo 2018 a 2022

Abstract

Abstract: This study analyzes the relationship between the debt maturity structure and the financial performance of Ecuadorian SMEs in the ISIC R93 subsector: sports, amusement, and recreational activities, during the 2018 2022 period. Through a quantitative approach and descriptive and correlational statistical analysis, it was identified that small enterprises exhibit greater financial stability and a preference for short-term financing, while medium-sized enterprises show a more volatile structure and a higher dependence on long-term debt. The results indicate that there is no statistically significant relationship between debt maturity and profitability indicators (ROA and ROE), nor with growth opportunities. This work provides useful empirical evidence for the design of public policies and financing strategies tailored to the sector s needs.