ALTERNATIVAS NO TRADICIONALES DE FINANCIAMIENTO POR MEDIO DE LA BOLSA DE VALORES DE GUAYAQUIL PARA LAS PYMES DEL SECTOR COMERCIAL

Abstract

This paper discusses the various alternatives of finance for SMEs in the commercial sector, both in the (traditional) financial institutions and through the Bolsa de Valores de Guayaquil (non-traditional) to finance the activities of the company, and so support which allows for a more visible benefits in financial, economic, among others, to help them progressive business growth, for which tables evidencing the benefits and risks of each alternative was developed, and thus assess which alternative is the most appropriate. Similarly, surveys were prepared in order to test the hypothesis. Therefore, after the comparative analysis and surveys, it could be shown that the most viable alternative that SMEs as traditional method of financing to generate revenues and also helps to know the stock market is the REVNI. Finally, it concluded that it is very important to have an alternative non-traditional financing primarily for companies seeking the business, economic and financial strength.