Negociación de facturas comerciales en el mercado de valores como alternativa de financiamiento y su incidencia en la liquidez de las microempresas del sector de venta de ropa y calzado de la ciudad de Guayaquil.

Abstract

This article refers to the Negotiable Commercial Invoices (FCN) which is a fundamental pillar of the economy, for the development of this work we analyzed the complicated situations which are faced by microenterprises to obtain working capital and mostly turn to bank loans without having the knowledge that there are other financing alternatives such as Commercial Invoices which in turn these can allow an efficient resource management. The purpose of this work is to analyze the opportunities that companies can obtain by applying this type of financing, the benefits that exist for those involved in this process, and at the same time, to measure the financial impact of the use of commercial invoices on their liquidity. For this purpose, a mixed methodology was used, through the application of accounts to a sample of microenterprises in the clothing sales sector in Guayaquil, and the analysis of financial information to determine the impact on liquidity. It was determined that there is a general lack of knowledge on the part of the companies about the existence of commercial invoices. In numerical terms, the improvements in management and liquidity indicators make commercial invoices an ideal mechanism for managing the companies' liquidity