Análisis de las opciones de financiamiento para PYMES post cambios en la regulación en el mercado de valores.

Abstract

The research work called Analysis of financing options for SMEs after changes in the regulation of the securities market, defined as a general objective to evaluate the mechanisms of financing in the stock market for SMEs that are generated from the change in the regulations and to propose a more attractive financial product or, failing that, a change in the regulations, to achieve this it resorted to statistical series and interviews, obtaining as a result that SMEs in Ecuador can access financing through the Stock Exchange, however they continue to resorting to traditional banking. Given this, a proposal was made that includes a bond issue based on country risk and United States Treasury bonds, similar to what the Government of Ecuador does, and it was shown that the attractive minimum rate of return is lower than that of SME loans, for which they must be grouped in a cluster, pass a rating and the government introduce a legal reform because the proposal is viable.