Las PYMES y su acceso al financiamiento: una mirada desde sus indicadores financieros

Abstract

Small and medium-sized enterprises (Pymes) are an important player in the activation of the economy and contribute more to the GDP of each country. An analysis of the sources of financing used by the Azuay SMEs and the impact of the management indicators on them is presented, with the purpose of knowing the problems that cause disruption in their performance. The main results show that SMEs in Azuay finance the development of their activities with short-term liabilities and, to a lesser extent, with own resources (patrimation), because they are small companies that do not have a significant growth to increase their profits over time. Liquidity, efficiency, and cost-effectiveness indicators do not show a behavior that supports organizations’ growth, they have a significant impact on access to financing.