Open AccessAnalysis of financial management for decision making in medium-sized enterprises in Ciudad Juarez, Chihuahua
Author(s) -
Marisela Mejía-Hernández,
Abelardo Castillo-Galeana,
Martin Joel Durán-Ortiz,
Fátima Vega-Márquez
Publication year - 2019
Publication title -
revista de planeación y control microfinanciero
Language(s) - English
Resource type - Journals
ISSN - 2444-5037
DOI - 10.35429/jmpc.2019.15.5.39.46
Subject(s) - business , finance , debt , stock exchange , small and medium sized enterprises , financial management , investment (military) , descriptive statistics , unit (ring theory) , stock (firearms) , debt financing , mechanical engineering , statistics , mathematics education , mathematics , politics , political science , law , engineering
The objective of this research was to analyze the financial management in medium-sized enterprises in Ciudad Juarez, Chihuahua. For this, a quantitative methodology of descriptive non-experimental transactional design was used. Medium-sized businesses from the commercial and industrial sectors, established in Ciudad Juarez, Chihuahua, were considered as the unit of analysis. 87 businesses were identified with these characteristics. The fieldwork was completed with 31 medium-sized businesses, a questionnaire validated by experts was implemented and applied to the general administrators of each business. The results show that medium-sized businesses have an efficient financial management due to their low level of debt and completion of investment projects, however, these projects are primarily financed by partner contributions and accumulated profits. Thus, to improve the financial management in medium-sized businesses external financing is recommended through bank loans or the stock exchange market, likewise, the financial resources obtained should be allocated mainly for investment projects previously analyzed.