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Contact UsCorporate financial practices: Analysis of cost management and capital structure in MSMEs in Zacatecas, Mexico
DOI:
https://doi.org/10.47909/dtr.22Keywords:
sources of financing, cost of capital, capital structure, MSMEsAbstract
This article aims to identify the sources of financing used by companies in the state of Zacatecas, evaluating the impact of the costs associated with financial decisions and their capital structure. The data was collected through personal surveys of 45 micro, small, and medium-sized enterprises (MSMEs). The main findings show that 71% of the companies surveyed are micro, financed mainly through suppliers and by obtaining external loans from banking institutions. It is essential to point out that none of them have accessed government financing. A significant correlation existed between capital structure and its cost in strategic decisions related to the reinvestment of profits and the contribution of more capital by the owners or partners. The need to promote and strengthen better financial practices is recognized, especially in analyzing the cost of capital, a key aspect for developing a more efficient and sustainable capital structure. This can be achieved through training programs specifically for businessmen and entrepreneurs, providing them with the tools and knowledge necessary to optimize their financial decisions, thereby enhancing the growth and survival of their businesses.
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Data Availability Statement
The data generated during this study have been included in the manuscript.
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Copyright (c) 2024 Norma Guadalupe Pérez Martínez, Reina Margarita Vega Esparza, Eduardo Alejandro Carmona (Author)
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