Alternativa de financiamiento no tradicional para pymes de la ciudad de Machala
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Fecha
2020
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Universidad de Guayaquil, Facultad de Ciencias Administrativas
Resumen
El reto de mucha de las pequeñas y medianas empresas (pymes) de la ciudad de Machala es el
acceso a nuevas fuentes de financiamiento con el propósito de efectuar proyectos de inversión,
para las pymes la captación de capital fresco vendría a ser el motor que impulsaría el crecimiento
de su negocio fundamentalmente buscando las mejores condiciones en el mercado financiero
tanto en costos, plazo y garantías. Al ser el financiamiento una fuente imprescindible para el
desarrollo y expansión de una pyme, en esta investigación se ha evaluado las fuentes de
financiamiento no tradicionales para disponer de una nueva alternativa de financiación para las
pymes de la ciudad de Machala. La metodología utilizada fue la entrevista semi estructurada a
seis expertos en el área de mercado de valores, dentro de este análisis de resultados indicaron que
algunos de los factores que han impedido que las pymes accedan con mayor facilidad al mercado
bursátil es la falta de conocimiento en el área bursátil, además la falta de inversionistas
institucionales que confíen en títulos valores de pymes, y la ausencia de fondos de inversión
dedicados en la inversión de pymes de distintos sectores; pese a esto los costos financieros de
obtener capital a través del mercado de valores son menores a los de las instituciones financieras
bancarias, así como menos garantías y mayores plazos a largo plazo que es lo que buscan las
pymes para financiar su capital de trabajo y compra de activos fijos.
The challenge for many of the small and medium-sized enterprises (SMEs) in the city of Machala is access to new sources of financing in order to carry out investment projects; for SMEs, attracting fresh capital would be the engine that would fundamentally drive the growth of their business looking for the best conditions in the financial market both in costs, terms and guarantees. As financing is an essential source for the development and expansion of an SME, this research has evaluated non-traditional sources of financing to have a new financing alternative for SMEs in the city of Machala. The methodology used was the semi-structured interview with six experts in the stock market area, within this analysis of results they indicated that some of the factors that have prevented SMEs from accessing the stock market more easily is the lack of knowledge in the stock market area, in addition to the lack of institutional investors who trust in securities of SMEs, and the absence of investment funds dedicated to the investment of SMEs from different sectors; Despite this, the financial costs of obtaining capital through the stock market are lower than those of banking financial institutions, as well as fewer guarantees and longer long-term terms, which is what SMEs seek to finance their working and purchase capital. of fixed assets.
The challenge for many of the small and medium-sized enterprises (SMEs) in the city of Machala is access to new sources of financing in order to carry out investment projects; for SMEs, attracting fresh capital would be the engine that would fundamentally drive the growth of their business looking for the best conditions in the financial market both in costs, terms and guarantees. As financing is an essential source for the development and expansion of an SME, this research has evaluated non-traditional sources of financing to have a new financing alternative for SMEs in the city of Machala. The methodology used was the semi-structured interview with six experts in the stock market area, within this analysis of results they indicated that some of the factors that have prevented SMEs from accessing the stock market more easily is the lack of knowledge in the stock market area, in addition to the lack of institutional investors who trust in securities of SMEs, and the absence of investment funds dedicated to the investment of SMEs from different sectors; Despite this, the financial costs of obtaining capital through the stock market are lower than those of banking financial institutions, as well as fewer guarantees and longer long-term terms, which is what SMEs seek to finance their working and purchase capital. of fixed assets.
Descripción
Palabras clave
PYMES, FINANCIAMIENTO, MERCADO DE VALORES, COSTOS