FACTORES DETERMINANTES DEL FRACASO EMPRESARIAL EN EL ECUADOR, EN PEQUEÑAS Y MEDIANAS EMPRESAS DURANTE LOS CINCO PRIMEROS AÑOS DE SU CREACIÓN

Abstract

This article is based on academic identify the determinants of business failure are in Ecuador, in small and medium enterprises (SMEs) in the first five years of its creation. Initially it was disclosed about the concepts and models that have research relevance as regards business failure and possible factors therefore this scientific article is based on a quantitative methodology and expressing various relationships between variables studied deductively . It emphasizes that SMEs must have the structure of corporate governance, so that the concept, importance and implementation in Ecuador is described and developed in two dimensions: planning complemented with administrative and financing as factors of failure of SMEs. Later authors detailed arguments regarding management methods, business planning and financing has been carried out in Ecuador, finally it concludes by identifying the need to spread on the Corporate Governance in Ecuador to improve business structure and avoid failure of SMEs.