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Remuneration, Personnel Expenses and Third Party Expenses in Times of Covid-19 in the Financial Sector

Author

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  • Anderson Arcos-Leon
  • Margaret Diana Colqui-Estrella
  • Anny Paula Sugasti-Arivilca
  • Wagner Enoc Vicente-Ramos

Abstract

The objective of this research was to determine the statistically significant differences between the semiannual percentages of salaries, personnel expenses and third party expenses of the Peruvian financial sector during the ¡°COVID-19¡± pandemic. The percentage of administrative expenses of 46 financial entities in Peru was analyzed, and in what proportion they invested in favor of their collaborators; As a result, in terms of remuneration, the Municipal Savings Banks invested in a greater proportion (50.69%), regarding personnel expenses, the Municipal Savings Banks stand out with 16.8%, and in terms of third-party payments, the financial entity that invested the most was Edpymes with 42.30%. Likewise, through the Kruskal Wallis test it was obtained that there are no statistically significant differences in remuneration, payment of personnel and payment to third parties among financial entities in Peru (p value> 0.05). It is concluded that the semester percentage variation in time of COVID-19 with respect to the first semester 2019 has had a minimal change (+ 1.20%. In salaries, -1.6% in personnel payments and -0.05% in third party expenses).

Suggested Citation

  • Anderson Arcos-Leon & Margaret Diana Colqui-Estrella & Anny Paula Sugasti-Arivilca & Wagner Enoc Vicente-Ramos, 2021. "Remuneration, Personnel Expenses and Third Party Expenses in Times of Covid-19 in the Financial Sector," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(3), pages 31-42, May.
    • Handle: RePEc:jfr:ijfr11:v:12:y:2021:i:3:p:31-42
    DOI: 10.5430/ijfr.v12n3p31
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    References listed on IDEAS

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