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Financial Planning in Micro and Small Commercial Enterprises in Chachapoyas (2018-2023)

Year: 2024

Type: article

Abstract: This study examines the influence of financial planning on the economic sustainability of commercial micro and small enterprises (MSEs) in Chachapoyas, Peru, during the period 2018-2023. Using a descriptive cross-sectional design and a sample of 100 MSEs, three key dimensions were assessed: financial resource management, investment planning, and risk management. The results show that most companies achieve a medium or high level of financial planning, although only a minority implement advanced practices. The research highlights the importance of strengthening budgetary control, investment strategies and risk management to improve the resilience and adaptability of these companies. This analysis provides a theoretical and practical perspective on financial planning in MSEs, with recommendations to foster their sustainable development and stability in a changing economic environment.

Source: Journal of Ecohumanism

DOI: 10.62754/joe.v3i8.5830

Authors: Carlos Alberto Hinojosa Salazar, Robert Wagner Ocadio Acosta, Segundo Ramón Salazar Serván, Milagros Natividad Hinojosa Melendez, Jesus Ermilia Reyna Tuesta, Carlos Andrés Rojas Puerta

Institutions: National University Toribio Rodríguez de Mendoza, Universidad Inca Garcilaso de la Vega

Language: English

Topic: Business, Education, Mathematics Research

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W4406450106

FWCI: 3.057

Cites:

Cited by: 3

Related to: 10