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Evaluación de las decisiones financieras operacionales que generan flujo de caja en las MIPYMES
[Evaluation of Operational Financial Decisions that Generate Cash Flow in Msmes]

Author

Listed:
  • Martínez Vargas, Agustín María

    (Corporación Universitaria Minuto de Dios VRO (Colombia))

  • Edilson Hernández, Marcos

    (Universidad de los Llanos (Colombia))

  • Velásquez Cerón, Omar

    (Institución Técnica Catumare (Colombia))

Abstract

El objetivo de la investigación consiste en identificar las variables que inciden en las decisiones financieras de corto plazo, determinantes del flujo de caja en las Mipymes. Se realizó una investigación mixta, con base en una encuesta aplicada a 278 gerentes de Micro, Pequeñas y Medianas Empresas (MIPYMES) en Colombia. Los datos fueron analizados mediante regresión logística binaria y se gestionó información mediante talleres orientados al manejo de eventos multipropósito, donde la capacitación, la conversación informal a manera de grupo focal y la observación de las reacciones de los participantes frente a la intencionalidad y trascendencia del proyecto son la esencia. Los resultados muestran que las decisiones financieras en la Mipymes, están en cabeza de los directores, quienes deben esgrimir su liderazgo, experiencia, conocimiento y habilidades en formación financiera y estratégica para la toma de decisiones orientadas a optimizar el flujo de caja, aún sin la capacitación óptima requerida. Circunstancia que en buena parte especialmente en empresas micro, pequeñas y medianas, nuevas en el mercado, los lleva a financiar su actividad con recursos propios, de familiares o crédito informal y muy pocos optan por la financiación externa. Las decisiones financieras operacionales se convierten en un proceso complejo, empírico, despreocupado e improvisado para muchas Mipymes, siendo este un atenuante de la falta de sostenibilidad en el mercado y del amplio margen de fracaso.

Suggested Citation

  • Martínez Vargas, Agustín María & Edilson Hernández, Marcos & Velásquez Cerón, Omar, 2022. "Evaluación de las decisiones financieras operacionales que generan flujo de caja en las MIPYMES [Evaluation of Operational Financial Decisions that Generate Cash Flow in Msmes]," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 34(1), pages 60-82, December.
    • Handle: RePEc:pab:rmcpee:v:34:y:2022:i:1:p:60-82
    DOI: https://doi.org/10.46661/revmetodoscuanteconempresa.5524
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    References listed on IDEAS

    as
    1. Amrizah Kamaluddin & Norhafizah Ishak & Nor Farizal Mohammed, 2019. "Financial Distress Prediction Through Cash Flow Ratios Analysis," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(3), pages 63-76, May.
    2. Ferraro, Carlo Alberto & Goldstein, Evelin & Zuleta J., Luis Alberto & Garrido, Celso, 2011. "Eliminando barreras: el financiamiento a las PYMES en América Latina," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 35358, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    gestión financiera; liquidez; solvencia; capital de trabajo; regresión logística binaria; financial management; liquidity; solvency; working capital; binary logistic regression;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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