Dinámicas de la madurez de la deuda y desempeño financiero en las PYMES ecuatorianas del subsector CIIU K66 - Actividades Auxiliares de las Actividades de Servicios Financieros durante el Período, 2018 a 2022.

Abstract

Abstract: This research analyzes the relationship between debt maturity and the financial performance of Ecuadorian small and medium-sized enterprises (SMEs) in the ISIC K66 subsector, whose business focuses on the development of auxiliary activities for financial services. The study sample consisted of 140 SMEs during the period 2018 2022. A multiple regression analysis was used to test the relationship between financial performance, measured by ROA as the dependent variable, and certain independent variables measured by debt structure and maturity. The results showed that, for companies in the K66 subsector, debt structure and maturity do not have a positive or statistically significant relationship with ROA. From that perspective, the study could help senior management to improve their understanding of how debt structure and maturity can influence financial performance and, in this way, implement actions aimed at improving profitability and maximizing value creation.