Eficiencia financiera de las Cajas Municipales de Ahorro y Crédito (CMAC) del Perú en el periodo 2015-2021

Abstract

Financial efficiency of the Municipal Savings and Credit Banks (CMAC) of Peru in the period 2015-2021 This work uses the decision table technique with input variables Delinquency, ROE, Altman's Z2, and the degree of relationship Delinquency-Z2 and ROE-Z2 to measure the efficiency of the financial performance of the Municipal Savings and Credit Banks (CMAC). ) in a sample of six entities with assets greater than S/2 billion (2 billion Soles). Empirical findings show that CMAC Huancayo, Arequipa, Cusco and Piura manage to stand out in their financial performance in 2015-2021, while CMAC Trujillo manages to exceed 50% efficiency, but CMAC Sullana is alarmingly inefficient. The proposed model provides a comprehensive and pragmatic approach to measure the efficiency of the financial performance of these microfinance institutions, which has been a limitation overcome by this research. Among the conclusions, it is highlighted that it is important to know the level of efficiency of the financial performance of the CMACs to identify those with the best practices in a highly competitive environment.

Keywords

• caja municipal, microfinanzas, eficiencia, morosidad, rentabilidad sobre el patrimonio, modelo z de altman, activo total, competitividad