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Effect of the financial structure on the liquidity risk of SMEs in Cartagena as a base of project formulation

dc.contributor.authorPuerta-Guardo, Fabio Andrés
dc.contributor.authorCantillo-Orozco, Ana Susana
dc.contributor.authorSanabria-Ospino, Alfredo Enrique
dc.contributor.authorFajardo-Moreno, William Stive
dc.date.accessioned2023-10-10T12:56:25Z
dc.date.available2023-10-10T12:56:25Z
dc.date.issued2023-06-09
dc.date.submitted2023-10-10
dc.identifier.citationPuerta-Guardo,F.A., Cantillo-Orozco, A.S., Sanabria-Ospino, A.E. and Fajardo-Moreno, W.S., Effect of the financial structure on the liquidity risk of SMEs in Cartagena as a base of project formulation. DYNA, 90(228), pp. 28-38, Special Project Management, September, 2023.spa
dc.identifier.urihttps://hdl.handle.net/20.500.12585/12556
dc.description.abstractThe Liquidity Risk in Small and Medium Enterprises - SMEs in the City of Cartagena-Colombia is analyzed, based on the determination of their Capital Structure. The variables, liquidity risk (dependent) and capital structure (independent), were analyzed, based on a quantitative investigation with a correlational approach. The hypothesis was, H1: There is a positive relationship between the capital structure and liquidity risk. The population came from the accounting database as of December 31, 2016 of the Superintendencia de Sociedades, with a sample of 260 companies. It is concluded that the higher the level of indebtedness, the greater the liquidity risk of the company tends to increase, thus accepting the hypothesis established in the investigation. Derived from the analysis presented, recommendations are offered on the formulation of projects that can contribute to the improvement of the liquidity conditions of the companies analyzed.spa
dc.description.abstractSe analiza el Riesgo de Liquidez en las Pequeñas y Medianas Empresas - PYMES de la Ciudad de Cartagena-Colombia, a partir de la determinación de su Estructura de Capital. Se analizaron las variables, riesgo de liquidez (dependiente) y estructura de capital (independiente), a partir de una investigación cuantitativa con enfoque correlacional. La hipótesis fue, H1: Existe una relación positiva entre la estructura de capital y el riesgo de liquidez. La población provino de la base de datos contable a 31 de diciembre de 2016 de la Superintendencia de Sociedades, con una muestra 260 empresas. Se concluye que cuanto mayor es el nivel de endeudamiento, mayor tiende a aumentar el riesgo de liquidez de la empresa, aceptándose así la hipótesis establecida en la investigación. Derivado del análisis presentado se ofrecen recomendaciones sobre la formulación de proyectos que pueden aportar al mejoramiento de las condiciones de liquidez de las empresas analizadasspa
dc.format.extent11 páginas
dc.format.mimetypeapplication/pdfspa
dc.language.isoengspa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.sourceRevista DYNAspa
dc.titleEffect of the financial structure on the liquidity risk of SMEs in Cartagena as a base of project formulationspa
dc.title.alternativeEfecto de la estructura financiera en el riesgo de liquidez de las PYMES de Cartagena como base de formulación de proyectosspa
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dc.type.hasversioninfo:eu-repo/semantics/publishedVersionspa
dc.identifier.doihttps://doi.org/10.15446/dyna.v90n228.108626
dc.subject.keywordsLiquidity riskspa
dc.subject.keywordsCapital structurespa
dc.subject.keywordsSMEsspa
dc.subject.keywordsTurnover indicatorsspa
dc.subject.keywordsLiquidity and leveragespa
dc.subject.keywordsProject managementspa
dc.subject.keywordsRiesgo de liquidezspa
dc.subject.keywordsEstructura de capitalspa
dc.subject.keywordsPymesspa
dc.subject.keywordsIndicadores de rotaciónspa
dc.subject.keywordsLiquidez y apalancamientospa
dc.subject.keywordsGestión de proyectosspa
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dc.rights.ccAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.identifier.instnameUniversidad Tecnológica de Bolívarspa
dc.identifier.reponameRepositorio Universidad Tecnológica de Bolívarspa
dc.publisher.placeCartagena de Indiasspa
dc.subject.armarcLEMB
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dc.audiencePúblico generalspa
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dc.publisher.disciplineContaduría Públicaspa


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Universidad Tecnológica de Bolívar - 2017 Institución de Educación Superior sujeta a inspección y vigilancia por el Ministerio de Educación Nacional. Resolución No 961 del 26 de octubre de 1970 a través de la cual la Gobernación de Bolívar otorga la Personería Jurídica a la Universidad Tecnológica de Bolívar.