Fixed income financing by the stock market in commercial companies of Guayaquil, 2020-2023
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Abstract
The purpose of the development of the research is to analyze the financial impact generated by the Stock Market, when financing obligations of large companies in the commercial sector of the city of Guayaquil, which issue fixed income securities, in the period from 2021 to 2023; study that determines the behavior of the selected variables. Documentary research is used, which allows us to understand the theoretical bases that establish the participation of companies in the Stock Market, considering a descriptive scope that analyzes the selected variables, focusing on the issuance of fixed income securities to finance business obligations. . The selected sample made up of 14 companies determines that INDUSTRIALES ASOCIADAS TIA S.A.; EL ROSADO IMPORTING CORPORATION S. A; DIFARE. S.A., are those that maintain the greatest participation in the Stock Market when seeking financial leverage, through the issuance of fixed income. The analysis of the selected sample explains that the three most representative companies that issue fixed income securities in the analysis period corresponding to 2021 - 2023, maintain the following participation: INDUSTRIALES ASOCIADAS TIA S.A. with 32%; EL ROSADO IMPORTING CORPORATION. S.A. with 28%; DIFARE. S.A. with 23%.
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Oscar Simón Ibarra-Carrera, Universidad de Guayaquil - Ecuador
https://orcid.org/0000-0002-2503-0703
Economist graduated from the University of Guayaquil, Master in Taxation and Finance; with 10 years of teaching experience in subjects related to the profile of finance, taxes, economics and exact sciences.
Career as teachers at the Catholic University of Santiago de Guayaquil and Guayaquil University.
Research professor at the University of Guayaquil, on issues related to the profile of his academic training
Marcos Fernando Toro-Espinoza , Universidad de Guayaquil - Ecuador
https://orcid.org/0000-0003-0454-0568
Commercial Engineer, CPA, Lawyer, Master in Human Talent, professor at the University of Guayaquil, Councilor of Guayaquil
With a solid background in the administrative and human resources field, he has held multiple leadership and advisory roles. His career includes positions as an Accountant in various companies and Head of Job Classification and Performance Assessment in the Municipality of Guayaquil. He has been a Human Resources Advisor, Deputy Director of Community Liaison, and currently holds the position of Director of Community Liaison. Community. As a Councilor of Guayaquil, he applies his experience to strengthen local policies, human talent and community management.
Raúl Ruperto Silva-Idrovo , Universidad de Guayaquil - Ecuador
https://orcid.org/0000-0002-0490-271X
Professional in the area of Law, in Business Administration and Accounting, master’s in business administration, Master in Arbitration and Mediation, Master in Teaching and Management in Higher Education and Master in Labor Law.
University Professor with more than 20 years of experience, currently Professor at the Universidad de Guayaquil and Student Welfare Manager. Author of eight scientific articles, three papers and two published books.
Fanny Nefertiti Pino-Moran, Universidad de Guayaquil - Ecuador
https://orcid.org/0000-0003-3223-623X
Graduate in Social and Political Sciences, Lawyer of the Courts and Tribunals of the Republic of Ecuador, Master in Arbitration and Mediation.
University Professor at the University of Guayaquil. She was general secretary of the Faculty of Jurisprudence. Research teacher.
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