CHARACTERISTICS AND CHALLENGES IN FINANCIAL ADMINISTRATION: EVIDENCE FROM THE MUNICIPALITY OF ECATEPEC DE MORELOS, MEXICO CARACTERISTICAS Y RETOS EN LA ADMINISTRACION FINANCIERA EN MIPYME INDUSTRIALES: EVIDENCIA DEL MUNICIPIO DE ECATEPEC DE MORELOS, MEXICO

Sara Lilia Pérez () and Carlos Saul Juarez Lugo

Revista Internacional Administracion & Finanzas, 2017, vol. 10, issue 5, 47-63

Abstract: In Mexico, the MSME (micro, small and medium-sized enterprises) covers 99.80% of economic units and employs 74% of the population (INEGI, 2015a). Nevertheless, the gross production percentage is 35.90%. Industrial activity generates higher gross production. This study was accomplished in the State of Mexico, a federation with a great number of economic units and population in Mexico. The municipality of Ecatepec de Morelos, belongs to this entity. It has a high population and unique economic and geographical characteristics. The aim of this study was to analyze the characteristics and financial problems that impact the MSME. The purpose is understanding the conditions of these enterprises and to identify the consequences of the ignorance or lack of application of Financial Administration. A questionnaire was applied to 420 units to identify financial problems and respective tools. We verified that independent of the magnitude of the company, financial knowledge and tools are indispensable. This result is derived from the need to register operations, and analyze and make decisions in finances

Keywords: Financial Management; Industrial MSMEs; Financial Problems; Financial Tools (search for similar items in EconPapers)
JEL-codes: G00 L60 M10 (search for similar items in EconPapers)
Date: 2017
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