INFORMACIÓN FINANCIERA EN MIPYMES DEL ORIENTE ANTIOQUEÑO (COLOMBIA)

Abstract

In the local and Latin American context, MSMEs are considered an important productive and economic engine, and they represent between 95% and 98% of the total population of the region’s companies. This research aims to characterize the accounting and financial management practices of MSMEs in eastern Antioquia, in Colombia. To do so, a sample of 379 MSMEs in this region was taken and a questionnaire of 42 questions was applied to them about the use, the type of information they prepare and other characteristics related to these financial information disclosure practices. The results obtained show that in most cases the information prepared by these companies meets the minimum presentation requirements; however, their characteristics and uses do not exceed the intention of legal compliance towards a real and conscious management decision making process.

Keywords

• decision making
• financial information
• financial management practices
• msmes.