Capital structure and financial decisions in Peruvian high Andean microenterprises: a systematic review

Ramírez-Arellano M.Á.; Paredes-Pérez M.A.J.; Cárdenas-Tapia V.R.; Palomino-Crispín A.E.; Alania-Contreras R.D. · RISTI - Revista Iberica de Sistemas e Tecnologias de Informacao (2022)

Resumen

From the perspective of modern financial theories, the capital structure plays a determining role in the financial decisions of micro and small companies in various economic sectors. The objective of the research was to determine the relationship between capital structure and financial decisions in high Andean microenterprises. For this, an investigation was carried out with a quantitative paradigm, basic type, correlational scope and non-experimental-cross-sectional design, its population includes microentrepreneurs from the hardware store sector. The results indicate, with a probability of error of 0.00, the existence of a statistically significant correlation between capital structure and financial decisions. Significant results are also obtained between capital structure and investment, operating and financing decisions. It is concluded that the capital structure is a factor related in a statistically significant way to the financial decisions adopted in the high Andean micro-enterprises.

Instituciones: Universidad de San Martín de Porres; Universidad Nacional Hermilio Valdizán; Universidad Nacional del Centro del Perú