Dinámicas de la madurez de la deuda y desempeño financiero en las PYMES ecuatorianas del subsector CIIU G45 Comercio y reparación de vehículos automotores y motocicletas durante el período, 2020 a 2022

Abstract

Abstract: The overall objective of this research is to examine debt maturity and its relationship to the financial performance of Ecuadorian SMEs in the ISIC G45 subsector between 2018 and 2022. The approach is quantitative, with an exploratory-descriptive scope and a non-experimental correlational design. Secondary data from the Superintendency of Companies and Industries (SUPERCIAS) were used for the research. These data were cleaned using Excel (excluding companies with no assets, ROA and ROE outside of ±200%, and with zero or negative sales) and analyzed with JASP using descriptive statistics and Pearson correlation. The results show that the G45 sector finances itself primarily with short-term debt (approximately 70% on average) compared to long-term debt (approximately 26% on average). Furthermore, short-term debt has a positive, weak, and significant relationship with ROE and ROA, while long-term debt has an inverse and significant relationship with these variables. The macroeconomic variables GDP, GVA and annual inflation rate show weak and significant positive relationships with the variables ROE and ROA.