Emisiones sindicadas de obligaciones como alternativa de financiamiento para las PyME del sector metalmecánico en Guayaquil

Abstract

The participation of Small and Medium Enterprises (SMEs) in the market, was a goal almost unattainable, because there are requirements to be met most of whom could not be fulfilled. Mejia (2007), points out that the obstacles to entering the stock market are the reasons why SMEs ask for traditional credit as a financing source. That is why this paper aims to develop the operational scheme of syndicated issues of obligations as a financial instrument for SMEs in the metalworking sector in Guayaquil, Ecuador. To achieve this objective, a comparative descriptive study was carried out using the survey technique; In addition, secondary sources such as web portals, bibliographic review, and others were used. The findings identify that SMEs were financed exclusively from suppliers, due to the restriction of bank loans; however, other forms of financing have been recognized, such as the Ecuadorian stock market.

Keywords

• small and medium enterprises
• SMEs
• metalworking industry
• stock market
• funding sources
• economic instability
• syndicated.