La emisión de obligaciones alternativa de financiamiento para el sector electrónico en Guayaquil 2010-2015
Fecha
2016-09-21
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Universidad de Guayaquil Facultad de Ciencias Económicas
Resumen
El sector empresarial del Ecuador constantemente se encuentra en la búsqueda de alternativas de financiamiento que le permitan obtener recursos en condiciones adecuadas, mayor liquidez y con el costo más bajo posible, con la mejor tasa atractiva que el mercado ofrezca, a fin de cumplir con las obligaciones adquiridas de corto, mediano y largo plazo. El sector empresarial habitualmente se financia mediante el crédito de sus proveedores locales y del exterior, de préstamos de accionistas o de entidades financieras; actualmente existen otras fuentes de financiamiento a través del mercado de valores, este mercado promueve la desintermediación financiera, disminuyendo los costos financieros de las empresas emisoras de obligaciones. El mercado de valores juega un papel importante en el desarrollo económico del país, logra disminuir los costos financieros y permite que pequeños ahorristas puedan acceder a ser accionistas de empresas cotizantes. El presente trabajo pretende determinar a la Emisión de Obligaciones como alternativa de Financiamiento a través Mercado de Valores o mercado de desintermediación cubriendo las necesidades a largo plazo del sector empresarial a un menor costo financiero.
Ecuador's business sector is constantly in search of financing alternatives that allow it to obtain resources under the right conditions, with the highest liquidity and with the lowest possible cost, with the best attractive rate that the market offers, in order to comply with the Obligations acquired in the short, medium and long term. The business sector is usually financed by credit from local and foreign suppliers, from loans from shareholders or from financial institutions; Currently there are other sources of financing through the stock market, this market promotes financial disintermediation, reducing the financial costs of companies issuing bonds. The stock market plays an important role in the economic development of the country, it manages to reduce financial costs and allows small savers to have access to be shareholders of contributing companies. This paper intends to determine the Bond Issue as an Alternative Financing through Securities Market or disintermediation market, covering the long term needs of the business sector at a lower financial cost.
Ecuador's business sector is constantly in search of financing alternatives that allow it to obtain resources under the right conditions, with the highest liquidity and with the lowest possible cost, with the best attractive rate that the market offers, in order to comply with the Obligations acquired in the short, medium and long term. The business sector is usually financed by credit from local and foreign suppliers, from loans from shareholders or from financial institutions; Currently there are other sources of financing through the stock market, this market promotes financial disintermediation, reducing the financial costs of companies issuing bonds. The stock market plays an important role in the economic development of the country, it manages to reduce financial costs and allows small savers to have access to be shareholders of contributing companies. This paper intends to determine the Bond Issue as an Alternative Financing through Securities Market or disintermediation market, covering the long term needs of the business sector at a lower financial cost.
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MERCADO DE VALORES, BOLSA DE VALORES, APALANCAMIENTO, COSTOS