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Indebtedness As An Indicator Of Financial Profitability In The Tourist Mipymes Of Campeche El Endeudamiento Como Indicador De Rentabilidad Financiera En Las Mipymes Turisticas De Campeche

Author

Listed:
  • Luis Alfredo Arguelles Ma
  • Roman Alberto Quijano Garcia
  • Mario Javier Fajardo
  • Fernando Medina Blum
  • Carlos Enrique Cruz Mora

Abstract

This research was carried out through an empirical, descriptive and correlational analysis of 11 Mipymes of tourism in San Francisco de Campeche, Campeche, in the first semester of 2017. The goal is to assess economic aspects of financial statements at the end of the 2016. More specifically, we examine financial leverage and its effect on profitability. The results show that if an organization increases its debt it can increase financial profitability. The analysis is based on linear correlation between indicators of financial profitability and indebtedness of the 11 organizations. Results produce a fairly reliable result with an R2 of 0.764

Suggested Citation

  • Luis Alfredo Arguelles Ma & Roman Alberto Quijano Garcia & Mario Javier Fajardo & Fernando Medina Blum & Carlos Enrique Cruz Mora, 2018. "Indebtedness As An Indicator Of Financial Profitability In The Tourist Mipymes Of Campeche El Endeudamiento Como Indicador De Rentabilidad Financiera En Las Mipymes Turisticas De Campeche," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 11(1), pages 39-51.
    • Handle: RePEc:ibf:riafin:v:11:y:2018:i:1:p:39-51
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    References listed on IDEAS

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    3. Barclay, Michael J & Smith, Clifford W, Jr, 1995. "The Maturity Structure of Corporate Debt," Journal of Finance, American Finance Association, vol. 50(2), pages 609-631, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial Leverage; Business Results; Prognosis;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

    Statistics

    Access and download statistics

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