Beneficios bursátiles y tributarios para pymes en el mercado de valores del Ecuador
No hay miniatura disponible
Fecha
2016
Título de la revista
ISSN de la revista
Título del volumen
Editor
Universidad de Guayaquil Facultad de Ciencias Administrativas
Resumen
La importancia que tiene en la economía nacional las Pymes al aportar el 65% del mercado laboral,
hacen de este segmento empresarial un tema actual de estudio. Uno de los problemas que tienen es el
financiamiento y en mayor grado desde el mercado de valores, en las bolsas de valores de Quito y
Guayaquil. El objetivo de la investigación es determinar la incidencia de la reforma de la ley de
Mercado de Valores en la participación de las Pymes en el mercado bursátil con un análisis de los
beneficios tributarios y financieros. Esto se ha logrado con una investigación cualitativa y cuantitativa
por medio de una investigación documental y estadística sobre la incidencia de esta Ley y un análisis
documental comparativo sobre el financiamiento, por medio de la bolsa de valores o por la banca
tradicional. Se abaliza la parte cuantitativa con una investigación no probabilística sobre la percepción
que tienen 8 Pymes guayaquileñas sobre este financiamiento alternativo en el mercado de valores.
Así, la investigación nos da a conocer que tras la ley existe una ligera participación que tiende a
disminuir su participación pero que no es el deseado después de la promulgación de la ley y de la
aprobación del REB en Abril 2016, mientras que en el estudio comparativo se observó que para un
monto de un millón de dólares en la emisión de obligación es más conveniente este mecanismo que
con el financiamiento por la banca tradicional. Por último, se pudo ver que un 92% de los encuestados
están interesados en esta forma de financiamiento pero que sus principales obstáculos son el
desconocimiento y la percepción de los costos implícitos, y que es posible establecer formatos
estándares para procesos de estructuración de los valores para disminuir más los costos, esto último
como una recomendación. En definitiva, el estudio aporta con una investigación cuantitativa y
cualitativa para determinar la efectividad de la incidencia de una legislación particular en la praxis de
las Pymes.
The importance in the national economy SMEs by providing 65% of the labor market, make this business segment a current topic of study. One problem they have is the funding and greater extent from the stock market in the stock exchanges in Quito and Guayaquil. The objective of the research is to determine the impact of the reform of the Securities Market Act on the participation of SMEs in the stock market with an analysis of tax and financial benefits. This has been achieved with a qualitative and quantitative research through a documentary and statistical research on the incidence of this Act and a comparative analysis of documentary financing through the stock exchange or by traditional banks, guarantees quantitative part with a non-probabilistic research on the perception that SMEs have 8 guayaquileñas this alternative financing in the stock market. Thus, research reveals that after the law there is a slight participation tends to decrease its stake but that is not desired after the enactment of the law and the approval of the REB in April 2016, while in the study comparative noted that an amount of one million dollars in issuing this obligation is more convenient mechanism with funding by traditional banks. Finally, you could see that 92% of respondents are interested in this form of financing but that the main obstacles are the lack of knowledge and perception of the costs involved, and it is possible to establish standard formats for structuring processes of values to further decrease costs, the latter as a recommendation. In short, the study provides a quantitative and qualitative research to determine the effectiveness of the incidence of specific legislation in the practice of SMEs.
The importance in the national economy SMEs by providing 65% of the labor market, make this business segment a current topic of study. One problem they have is the funding and greater extent from the stock market in the stock exchanges in Quito and Guayaquil. The objective of the research is to determine the impact of the reform of the Securities Market Act on the participation of SMEs in the stock market with an analysis of tax and financial benefits. This has been achieved with a qualitative and quantitative research through a documentary and statistical research on the incidence of this Act and a comparative analysis of documentary financing through the stock exchange or by traditional banks, guarantees quantitative part with a non-probabilistic research on the perception that SMEs have 8 guayaquileñas this alternative financing in the stock market. Thus, research reveals that after the law there is a slight participation tends to decrease its stake but that is not desired after the enactment of the law and the approval of the REB in April 2016, while in the study comparative noted that an amount of one million dollars in issuing this obligation is more convenient mechanism with funding by traditional banks. Finally, you could see that 92% of respondents are interested in this form of financing but that the main obstacles are the lack of knowledge and perception of the costs involved, and it is possible to establish standard formats for structuring processes of values to further decrease costs, the latter as a recommendation. In short, the study provides a quantitative and qualitative research to determine the effectiveness of the incidence of specific legislation in the practice of SMEs.
Descripción
Palabras clave
PYMES, MERCADO DE VALORES, FINANCIAMIENTO ALTERNATIVO