Dinámicas de la madurez de la deuda y desempeño financiero en las PYMES ecuatorianas del subsector CIIU N79 - actividades de agencias de viajes, operadores turísticos, servicios de reservas y actividades conexas (2018-2022)

Abstract

Abstract: This study aimed to analyze how debt maturity influences the financial performance of Ecuadorian SMEs in the CIIU N79 subsector, which includes travel agencies, tour operators, and similar services, during the period 2018 2022. A quantitative approach with a descriptive and correlational scope was applied, using financial information from 8,868 official records of SMEs in Ecuador. Indicators such as ROE, ROA, and long-term debt were employed, along with statistical tools to examine the variables under study. The findings revealed that most of these companies do not rely on long-term debt financing and generally show low profitability levels. Although a positive relationship was detected between long-term debt and financial indicators, it was not statistically significant. In conclusion, while debt maturity does not directly influence the profitability of SMEs, its proper management can become a key instrument for ensuring the financial stability of these businesses in any economic context.