Browsing by Author "Coronel Pangol, Katherine Tatiana"

Now showing 1 - 20 of 46

Análisis de factores claves del Crowdfunding en Ecuador
(Universidad de Cuenca, 2025-02-11) Rojas Quille, Marco Josue; Velecela Otavalo, María Fernanda; Coronel Pangol, Katherine Tatiana
During recent years, crowdfunding has strengthened as an alternative tool for financing different projects around the world, offering opportunities for project creators and sponsors, based on collective support. Within this context, the objective of this research in to analyze the factors that influence the effectiveness of this research is to analyze the factors that influence the effectiveness of Ecuadorian based projects on crowdfunding platforms, through information collected in three of these platforms: Kickstarter, Ulule, and Indiegogo, which have been selected under a longitudinal approach, meaning that, all Ecuadorian based projects available on these platforms were considered, regardless of their release date, in order to cover a distinctive and diverse sample. The analysis methodology was based mainly on a multiple linear regression model to analyze the variables that influence the obtained financing percentage. In addition, Welch’s t-test and Kruskal-Wallis analysis were used to strengthen the results and analyze significant differences between different groups. The results obtained show that the platform used, and number of funders obtained stood out as the most relevant compared to other factors considered for this research, highlighting the need to focus on these elements to better perceive the strategies applied in national projects that seek to achieve success on crowdfunding platforms.
Análisis de la gestión de riesgos financieros de fondos de inversión y fondos cotizados en bolsa (ETFs) en el mercado estadounidense
(Universidad de Cuenca, 2025-02-05) Yanzaguano Salto, Erika Cristina; Leon Moreno, Ramiro Sebastián; Coronel Pangol, Katherine Tatiana
This article analyzes the financial risk management of investment funds and passively managed ETFs within the U.S market, utilizing the Value at Risk (VaR) model in two financial instruments: The ETF VOO (Vanguard S&P 500 ETF) and The VFIAX Mutual Fund (Vanguard 500 Index Fund Admiral Shares) which replicate the S&P 500 index. In the introductory section of this article, the popularity and relevance of these ETFs along with the Mutual Funds of passive investments are accentuated; In addition, the introduction further discusses the risk management strategies involved during the trading of these assets. The methodology includes the collection of historical data, accumulated within the previous three years and eleven months, concerning the daily prices in order to calculate both the geometric return and standard deviation with the purpose of applying the Delta-Normal approach, the Historical Simulation and the Monte Carlo, for the VaR analysis holding a significance level of 95%. The outcomes will compare the volatility and risk of these two varieties of funds, applied in three distinct methods demonstrated in a quantitative (VAR) and qualitative (The characteristics belonging to the assets), where it is defined that these assets (ETF and VFIAX Mutual Funds) mitigate the risk as a result of their diversification as attractive instruments; Primarily, for those investors who display adverse and neutral behaviors in the face of contingencies. In terms of discussion, this analysis will provide investors with a deeper understanding regarding the distinction of risk management between ETFs and Mutual Funds, allowing investors with a more knowledgeable and safer decision-making approach towards investment.
Análisis de la gestión empresarial en comercializadoras de GLP en la provincia del Azuay-Ecuador
(UNAM; ANFECA; ALAFEC; División de Investigación, 2018) Coronel Pangol, Katherine Tatiana; Campoverde Campoverde, Jorge Arturo
The organizations business management, especially MSMEs, represents a factor of competitive advantage in the market. Several studies have shown that the proper application of business management processes ensures the success and sustainability of business. However, the structure and organization of MSMEs makes it difficult to apply them. The study is applied to marketers of Liquefied Petroleum Gas in the Province of Azuay - Ecuador, where it is demonstrated that there is a low level of application of administrative management, also indicating what are some of the factors that affect it; In the same way it is verified that there are significant differences between those which apply administrative management and those which do not.
Análisis de los riesgos financieros en las empresas grandes de la ciudad de Cuenca-Ecuador. Dentro del contexto COVID-19
(Universidad de Cuenca, 2023-05-08) Morales Aucapiña, Pauleth Nathaly; Tepan Plaza, Andrea Vanesa; Coronel Pangol, Katherine Tatiana
Risk management is essential to be able to anticipate possible unfortunate events, which is why the objective of this research is to determine the financial risks in which cuencanas companies could incur within the COVID-19 context. The research is quantitative with a correlational approach and a hypothetical deductive method. For the development of the work, the data presented by the Superintendence of Companies, Securities and Insurance of the period 2020, of the large companies of Cuenca will be considered. For the determination of financial risks and non-financial risks, Altman's Z Score is used as a criterion for the classification of financial risks, and a logistic regression model is estimated to identify the factors that can influence the financial risk of the companies. The main results indicate that liquidity and portfolio turnover have an inverse influence on financial risk; however, indebtedness has a direct effect on the financial risk of Cuenca companies.
Análisis del riesgo de quiebra a nivel regional del sector de transporte de carga por carretera en Ecuador a través del modelo Z Score Altman en el periodo 2015-2022
(Universidad de Cuenca, 2025-02-06) Alvarado Campoverde, Elvis Ignacio; Orellana Coronel, Mishel Alexandra; Coronel Pangol, Katherine Tatiana
The purpose of the study is to analyze the risk of bankruptcy at the regional level of the road freight transport sector in Ecuador through the Altman Z Score model in the period 2015-2022, Altman's Z Score model was applied in a sample of 1536 companies. The results reveal that companies in Ecuador have a low level of insolvency, but there is a marked difference between regions demonstrating that the risk of bankruptcy in the Oriente is fluctuating, the Costa has the highest percentage of companies in danger zone and the Sierra has not recovered like the other regions from the fall in 2020. Based on these findings, it is recommended to explore other economic, political, and social characteristics to determine the causes of these differences.
Análisis financiero de la empresa Comercial Solís & Hijos S. A.: contraste entre la aplicación de la técnica de lógica difusa y la metodología tradicional
(Universidad de Cuenca, 2024-03-14) Barros Barros, Francis Israel; Coronel Pangol, Katherine Tatiana
This integrative project carries out a financial analysis of the company Comercial Solís & Hijos S. A., during the period between 2018 and 2022. The financial information of the company was analyzed, so that it can be seen that the methodology used for the financial analysis is traditional, so the option of applying fuzzy logic for financial analysis arises. On the one hand, the financial analysis of the company is developed using traditional methodology, that is, through horizontal analysis, vertical analysis and application of financial ratios. Every time the traditional methodology is applied, fuzzy logic tools are applied for financial analysis. Subsequently, a contrast is made between both methodologies, based on the results obtained from their respective application. Additionally, the company's financial indicators are compared with the industry branch of the same sector to which it belongs. As a result, the implications that carrying out this research has had for the company are established. The main results produced by this integrative project are: the scenarios (pessimistic, ideal and optimistic) for each of the financial indicators, their contrast with respect to the traditional methodology and the relationship that these have with respect to the reality of the sector of the economy of which they are part.
Aplicación de modelos matemáticos para la optimización de costos logísticos dentro de la cadena de suministro en el sector de comercialización del gas licuado de petróleo en la provincia del Azuay, año 2016
(2017) Coronel Pangol, Katherine Tatiana; Campoverde Campoverde, Jorge Arturo
This research studies the commercialization of Liquefied Petroleum Gas in the province of Azuay. It takes reference to information obtained from the year 2016. It has been accessed to 135 distribution warehouses and 1 collection center. They allow to determine that logistic costs are not adequately managed. Then, a structure and composition of logistics costs is proposed. It helps to determine that the costs that are the most relevant in this sector are: transportation, inventory and order processing costs. A general cost optimization model is proposed. This model is solved through Solver. Also, it has been obtained an optimum order quantity with restrictions. The research as well presents a comparison between current costs and optimized costs. Thereby demonstrating the benefit and contribution of the optimization of logistics costs in the studied sector. Some factors of inefficiency have also been identified. These factors influence the increase of logistics costs. Finally, are recommended some improvement actions
Aplicación de un modelo matemático para el diseño de la cadena de suministro en el sector de neumáticos en Ecuador
(2019) Romero Galarza, Carlos Armando; Campoverde Campoverde, Jorge Arturo; Jiménez, Jonnathan; Coronel Pangol, Katherine Tatiana; Loyola Ochoa, Diego Mauricio; Naula Sigua, Freddy Benjamín
This research studies the supply chain taking as reference tires productive sector in Ecuador. Mixed Linear Programming model was used at this study. The principal aim is to determine necessary distribution centers and areas of consumption to which they should serve in each case. Results indicate that the sector could be more efficient by increasing distribution centers.
Aproximación predictiva al riesgo crediticio comercial en empresas alimenticias ecuatorianas
(2021) Coronel Pangol, Katherine Tatiana; Flores Sánchez, Gustavo Geovanni; Campoverde Campoverde, Jorge Arturo; Romero Galarza, Carlos Armando
This article aimed to analyze the probability of commercial credit risk of 650 Ecuadorian companies in the food sector, through inferential statistical analysis and implementation of a logistic regression model. In effect, three hypotheses were converged, indicating that liquidity, size, and location of the company influence the probability of credit risk. The results of the model significantly showed that companies located in the Sierra, large in size, and with high liquidity are those with the highest probability of risk. These derivations provide a predictive approximation of the credit risk of food companies, and a contribution to the discussion in business, academic, and scientific spaces
Determinantes y herramientas para la toma de decisiones. Análisis de literatura a través de métodos bibliométricos
(Universidad de Cuenca, 2024-09-11) Agurto Rodas, Nathaly Fernanda; Coronel Pangol, Katherine Tatiana
The objective of the study was to examine trends in research on determinants and tools for managerial and commercial decision-making through bibliometric techniques, with a view to providing informed foundations for the subsequent development of specialized systems to support organizational decision-making processes. Science mapping methods were applied to analyze 11,799 articles indexed in Web of Science between 2019 and 2022, processed with SciMAT. The findings reveal an evolution from topics focused on financial, strategic and customer aspects initially, towards structural, analytical model and behavioral aspects recently, highlighting the persistent importance of corporate governance and innovation, as well as the emergence of discussions on business behavior and capital structure, in contrast to the decline in risk management and context determinants. A growing diversity of approaches in this research area is thus evident.
Diagnóstico del emprendimiento social. Una visión panorámica de la ciudad de Cuenca
(Universidad de Cuenca, 2023-11-08) Mejía Pesántez, Paola Estefanía; Otavalo Merchán, Erika Michelle; Coronel Pangol, Katherine Tatiana
Research on social entrepreneurship has gained importance in recent years, however, there is still a lack of theoretical and statistical information since there is no clear concept of the meaning of social entrepreneurship, causing confusion with the term. Seeking to contribute to research advances, this research project aims to identify and analyze aspects such as: the concept of social entrepreneurship, the determining factors and other relevant terms to understand it, as well as identify and evaluate the location of social entrepreneurship located in the Cuenca city. For this, the scientific articles available in the different databases were reviewed, in addition, a semi- structured interview to social entrepreneurship was carried out and contrasted with the database provided by the ELANET project, a spatial descriptive analysis was made with the objective of georeferencing in Cuenca to social entrepreneurship. From the results it was possible to appreciate the evolution and perception of social entrepreneurship, helping to reduce the theoretical misunderstanding about conceptualization, what it entails, that people can understand and identify social entrepreneurship. It is proposed for future research to continue with broader quantitative research on social entrepreneurship.
Dirección estratégica en micro y pequeñas empresas panificadoras del Azuay; una perspectiva actual
(Centro de Publicaciones de la Pontificia Universidad Católica del Ecuador, 2019) Campoverde Campoverde, Jorge Arturo; Flores Sánchez, Gustavo Geovanni; Romero Galarza, Carlos Armando; Coronel Pangol, Katherine Tatiana; Coronel Pangol, Katherine Tatiana
The Strategic Management(SM) represents a fundamental axis in the management of the MSMEs, due to the contributions and benefits that it generates in each one of the activities and departments that they have, contributing to the fulfillment of business goals and objectives. This paper presents an analysis of the current situation of micro and small breadmaking companies in the province of Azuay (Ecuador) registered in the MIPRO in 2016. First of all, companies were classified between those who apply SM and those who do not, then, the variables that affect SM are determined. Finally, we can conclude that there are differences in the level of weekly billing between companies that apply SM and those that do not. The first ones, having an average of sales four times higher than the latter. This research allows to have a clear vision of the weaknesses and strengths of the sector, linking the academy and control bodies to strengthen it.
Efecto de la gestión del capital circulante en la rentabilidad de las PyMEs en el sector de confecciones: Cuenca – Ecuador
(2019) Flores Sánchez, Gustavo Geovanni; Romero Galarza, Carlos Armando; Jimenez Yumbla, Jonnathan Andres; Coronel Pangol, Katherine Tatiana; Campoverde Campoverde, Jorge Arturo
This study identifies the main factors that influence business decisions about the management of working capital in the profitability of SMEs in the clothing sector in the period 2014 - 2016. The determination of factors was made through a panel analysis with fixed effects and random; the results showed an inverse incidence in the days of collection of accounts receivable, days of inventory, days of payment to suppliers and liquidity with profitability. This proves that managers can create value by reducing the current number of average days of working capital.
Eficiencia técnica de productos de renta variable en la bolsa de valores de Quito y Guayaquil. Análisis a través del modelo envolvente de datos (DEA). Periodo 2000-2021
(Universidad de Cuenca, 2023-02-27) Jarro Loja, Roger Ismael; Villa Pillco, Jéfferson Andrés; Coronel Pangol, Katherine Tatiana
This document analyzes the technical efficiency of 13 companies listed on the Quito (BVQ) and Guayaquil (BVG) stock exchanges with variable income products, in the period 2000 - 2021, using the data envelopment model (DEA), with an input-oriented constant returns approach (CCR - I) and an output-oriented variable returns approach (BCC - O). The study is based on the analysis of financial information of these companies, using as input variables total assets (TA), total liabilities (PA), total equity (TPA), income (ING) and total costs and expenses (C and GT), on the other hand, the output variables are made up of the ROE financial indicator, the liquidity index (IL) and the indebtedness index (IE). The analysis is carried out independently for financial and non-financial companies in order to determine the difference between their technical efficiency indicator. This gives as main results that the DEA BCC - O model generates higher efficiency results than its CCR - I counterpart. In addition, only in the DEA CCR - I model can a clear difference be seen between the efficiency indices in where those belonging to non-financial companies exceed financial companies, while the same comparison applied with the DEA BCC - O model does not show a significant difference.
Eli Muebles: análisis de las limitaciones financieras y la administración de cobranzas en un negocio artesanal en Azuay, Ecuador
(Universidad de Cuenca, 2025-09-23) Cando Espinoza, Jose Arturo; Tenesaca Ayala, Bryam Fernando; Coronel Pangol, Katherine Tatiana
This case presents the situation of Eli Muebles, a small artisanal business located in the province of Azuay, Ecuador, dedicated to the manufacturing and sale of furniture. It was founded in the year 2000 by an entrepreneurial couple. Through both qualitative and quantitative approaches, the study identifies the main issue as the manual and traditional management of key processes such as collections, financial administration, and inventory control. This limits operational efficiency and the business’s sustainability, especially in the face of significant challenges within an increasingly digital and industrialized environment. In response to this problem, the objective of the study was to identify and propose alternatives to strengthen the company’s management. Three main solutions were evaluated: implementing electronic payments at the store, creating a website with e-commerce capabilities, and adopting financial digitalization through accounting software with inventory control. A preference matrix revealed that the most viable option is the implementation of electronic payment methods, which would require an estimated investment of $400 and would improve liquidity, facilitate sales, and reduce dependence on cash. In conclusion, Eli Muebles stands at a turning point that demands adaptability and innovation. The introduction of digital payment methods represents a first step toward strengthening its market position, while laying the groundwork for the future comprehensive digitalization of its operations.
Empirical evaluation of the efficiency of ecuadorian banking sector
(2020) Campoverde Campoverde, Jorge Arturo; Flores Sánchez, Gustavo Geovanni; Coronel Pangol, Katherine Tatiana; Romero Galarza, Carlos Armando
This research constitutes the measurement of the efficiency of the Ecuadorian banking sector during the periods 1993-1999 and 2000-2018, applying the Data Envelope Analysis methodology, using the CCR and BCC approaches. The fixed asset and operating expense accounts were used as input variables for this purpose. The output variables were accounts receivable, income, investments and total deposits. Data were taken from monthly bulletins submitted by the different decision-making units to the Superintendencia de Bancos del Ecuador. The main findings indicate that the levels of efficiency during the 2000-2018 period were higher than in the 1993-1999 period. On average, during the first period, the banks had an efficiency ratio of 74.31%, according to the CCR approach, and 82.17%, according to the BCC approach. However, the efficiency levels during the second period reached 95.43% and 97.01%, respectively. In addition, the results show that large banks have a higher level of efficiency than smaller banks. However, medium-sized banks have the lowest level of efficiency. It should be noted that the data varies when analyzed according to the CCR approach. Furthermore, efficiency levels are generally associated with factors related to the country’s situation. This research is presented as one of the first studies on the analysis of efficiency in the Ecuadorian banking sector using this method.
Emprendimientos femeninos, retos y tendencias en el financiamiento. Análisis bibliométrico
(Universidad de Cuenca, 2024-03-18) Cueva Coronel, Kleyner Javier; Ortega Ortega, Dayana Jazmín; Coronel Pangol, Katherine Tatiana
Despite the growth of female entrepreneurship, challenges persist, highlighting limited access to financing. The research project proposes to identify thematic and emerging areas related to the financing of women's entrepreneurship, through the identification of influential authors, keywords and topics of analysis. For this purpose, information was searched in the Web of Science databases, identifying a total of 8.176 relevant articles. The analysis of scientific production covers various aspects, such as the number of publications, the indexing percentage, distribution by language, types of documents, academic areas and international collaborations. In the next phase, a co-occurrence analysis is performed using the SciMAT tool. The analysis is complemented by the creation of a word map that allows visualization of the relationships and frequency of appearance in the selected studies. From the findings, it was possible to observe how the sources of financing for female entrepreneurship have evolved and how they are perceived, from which it is concluded that the "Entrepreneurial Ecosystem" is the only topic that has evolved in all periods, maintaining its level of centrality and density in the field of study. It is suggested for subsequent research to carry out a more extensive study of a quantitative nature about the challenges and trends in the financing of female entrepreneurship.
Estrategias empresariales y COVID-19 en Pequeñas y medianas empresas: Análisis bibliométrico
(2022) Campoverde Campoverde, Jorge Arturo; Aguirre Quezada, Juan Carlos; Coronel Pangol, Katherine Tatiana; Flores Sánchez, Gustavo Geovanni; Jiménez Yumbla, Jonnathan Andrés
El COVID-19 ha ocasionado una de las principales crisis sanitarias y económicas en el mundo, afectando principalmente a las micro, pequeñas y medianas empresas (Pymes). Las respuestas generadas por las MiPymes para enfrentar la crisis han sido analizadas a través de un análisis bibliométrico, en base al cual se han determinado las principales áreas temáticas de conocimiento sobre estrategias empresariales, Pymes y COVID-19. El análisis bibliométrico ha considerado 10.238 artículos obtenidos de la base de datos Web of Science, y sistematizada por el software SciMAT. Se han determinado 16 clústeres, de los cuales se sugiere considerar entre los temas motores: capacidades dinámicas y transformación digital. Los temas emergentes que deben ser considerados son: estrategias de talento humano y orientación al mercado. Estos temas se consideran como potenciales líneas de investigación, actuación e intervención para el desarrollo exitoso de las pymes en el contexto de crisis ocasionado por el COVID-19.
Evidencia empírica de la conveniencia económica de la logística inversa en empresas comercializadoras de neumáticos, caso Azuay-Ecuador
(2020) Campoverde Campoverde, Jorge Arturo; Loyola Ochoa, Diego Mauricio; Flores Sánchez, Gustavo Geovanni; Romero Galarza, Carlos Armando; Naula Sigua, Freddy Benjamín; Coronel Pangol, Katherine Tatiana; Jiménez Yumbla, Jonnathan Andrés
Current study aims to determine the reverse logistics process carried out in the tire industry in Azuay (Ecuador), for this it focuses on two main actors in the direct supply chain: customers and marketers; the research is focused on the inverse flow of the supply chain and investigates the activities and processes currently executed, for this purpose an adaptation of the SCOR methodology is made, also a descriptive analysis that indicates the destination of the used tires and the effect of knowing about reverse logistics. One of the main results indicates that sufficient statistical evidence is presented to affirm that there are differences in the total sales of the marketers who know and apply Reverse Logistics (RL), from those who do not; therefore, it is suggested to apply RL processes in small and medium tire traders.
Evolución y tendencia de las finanzas conductuales. Análisis de la literatura a través de métodos bibliométrico, periodo 1994-2022
(Universidad de Cuenca, 2024-09-12) Peñaloza Pérez, Mateo Sebastián; Coronel Pangol, Katherine Tatiana
The study of behavioral finance has been of utmost importance to understand under what parameters financial decisions can be made, since these decisions are made with a certain degree of irrationality, mainly due to psychological and emotional biases that are not fully controlled by human beings. Consequently, the present study aims to analyze the scientific production on behavioral finance between 1994 and 2022. Research was carried out in the Web of Science databases to identify thematic and emerging areas in behavioral finance. A total of 3,782 relevant articles were found that helped to identify influential authors, key topics and areas of analysis. Scientific production was analyzed by considering the number of articles per author, the most cited articles and those with multiple related topics. Using the SciMAT tool, a co-occurrence analysis was performed and a thematic map was created to visualize the relationships and frequencies in the selected studies. The findings highlighted the evolution and perception of behavioral finance. In addition, the strategy maps show a variety of fields of study, with an increasing focus on Behavioral Finance. The analysis of topics, authors and references provides guidance for future research on Neuroscience applied to behavioral finance.