ANÁLISIS DE LA ESTRUCTURA DE CAPITAL ÓPTIMA PARA LAS EMPRESAS DEL GUAYAS: RELACIÓN ENTRE ENDEUDAMIENTO Y RENTABILIDAD

Abstract

The study of the consequences of financing based on indebtedness is a topic that has aroused the interest of entrepreneurs for its effect on the stability of the company. However, the results of research on the subject have shown incongruent conclusions, which has led to the need to deepen efforts to understand its applicability. The main objective of this article is to identify if there is a relationship between indebtedness and profitability among companies in Guayas. The chosen sample includes 139 companies in the sector: wholesale and retail trade; repair of motor vehicles and motorcycles. The secondary information for the empirical analysis was obtained from the portal of the Superintendence of Companies, Securities and Insurance. The collected data were subjected to correlation analysis and descriptive statistics. The results of the investigation concluded that there is an inverse relationship between the indicators of indebtedness and profitability of the companies observed.