Influencia del capital de trabajo en la rentabilidad de las Pymes en el Ecuador.

Abstract

This research analyzes the influence of working capital on profitability focused on SMEs in Ecuador. For the development of the study, a documentary-type methodology was used with a hypothetical-deductive analysis perspective, while for the analysis of the financial data obtained through the database of the Superintendency of Companies, a cross-sectional design was used, to the tabulation of the information was applied descriptive and inferential statistics. The analysis was carried out on 1,629 SMEs in Ecuador. To measure the level of working capital performance, current asset and liability accounts were considered, while financial indicators were used to evaluate profitability. After obtaining the database, an asymmetry and kurtosis test was applied in order to carry out a normality analysis, and proceed to evaluate the behavior of the variables through descriptive statistical tests, heteroskedasticity and multicollinearity tests, for de This form performs statistical tests such as the one-factor ANOVA statistical test model and linear regression in order to verify the hypotheses raised. Among the findings found, it was obtained that the working capital has an average between the data of $ 38,206.04 and the average profitability of the study sample is 18%. The data present a coefficient of asymmetry of 0.38 in working capital and 0.08 in profitability, being symmetrical with each other. Likewise, the linear regression model indicated that the significance levels are less than 0.00, therefore the general null hypothesis of the study is rejected and it is statistically accepted that working capital has a significant influence on the profitability of SMEs.