Financial Resilience in Times of Crisis of the Ecuadorian textile sector: a study of liquidity and profitability between the years 2016-2022
PDF (Español (España))
EPUB (Español (España))


Resiliência financeira; liquidez; lucratividade; modelo econométrico; desempenho. Resiliencia financiera; liquidez; rentabilidad; modelo econométrico; rendimiento. Financial resilience; liquidity; profitability; econometric model; performance.

How to Cite

Villalba Suárez, C. S., Verdezoto Jácome, D. J., Oña Sinchiguano, B. E., & Reyes Armas, R. A. (2024). Financial Resilience in Times of Crisis of the Ecuadorian textile sector: a study of liquidity and profitability between the years 2016-2022. Runas. Journal of Education and Culture, 5(9), e240173.


The textile industry in Ecuador is a vital component of the country’s economy. Therefore, it has gone through various challenges over the years. Given the above, the objective of the research is to define the levels of correlation between financial management and the determining factors of liquidity and profitability of large companies in the textile sector in Ecuador from 2016 to 2022. To carry out the activity, will take the financial statements of the same organizations to evaluate financial management. For the methodology, a quantitative approach will be used since it allows an objective and numerical evaluation of financial variables such as liquidity and profitability, which are quantifiable and susceptible to statistical analysis. This descriptive approach will be used, as it allows the collection, analysis and representation of data that reflects the current conditions of liquidity and profitability in the textile sector, offering a clear image; The study sample consisted of 16 large companies in the Ecuadorian textile industry. To process the information, the Microsoft Excel tool will be used to manipulate numerical and text databases, which allow the information to be analyzed, generate reports, tabulate, among other things. The results proved to be very favorable, since effective debt management was observed, which is reflected in the standard deviation of the profitability ratios: 8% for ROE (return on equity) and 2% for ROA (return on equity). on assets).
PDF (Español (España))
EPUB (Español (España))


Abad Varas, M. (2023). La Covid-19 y las estrategias de salida: un mecanismo necesario para ejercer la resiliencia económica ante la pandemia. RECIMA21–Revista Científica Multidisciplinar–ISSN 2675-6218, 4(1), e412515.

Abreu, J. (2018). El Método de la Investigación. Daena: International Journal of Good Conscience, 9(3), 195–204.

Adeola, L., & Ishola, H. (2022). Information Communication Technology and Terrorism in Nigeria: Digitalization for Enhanced National Security. International Journal of Information Systems and Informatics, 3(1), 15–24.

Ahrens, T., & Ferry, L. (2020). Financial resilience of English local government in the aftermath of COVID-19. Journal of Public Budgeting, Accounting and Financial Management, 32(5), 813–823.

Bambale, Y. (2020). Effect of Information and Communication Technology Adoption on Financial Performance of Takaful Operators in Kano Metropolis. In Creative Business Research Journal (CBRJ) (Vol. 5, Issue 3).

Barbera, C., Guarini, E., & Steccolini, I. (2020). How do governments cope with austerity? The roles of accounting in shaping governmental financial resilience. Accounting, Auditing and Accountability Journal, 33(3), 529–558.

Calizaya, J. (2020). Algunas ideas de investigación científica. Minerva, 1(3), 35–39.

Castaño, C., Guevara, J., & Quirós, E. (2020). Adopción de estándares de información financiera en el sector telecomunicaciones: conjeturas a partir de una revisión de literatura. Revista Colombiana de Contabilidad, 8(4), 19–40.

Coaquira, K., Cuadros, X., Hassan, W., & Palma, J. (2021). Análisis de la liquidez y solvencia: su repercusión sobre la Gestión Financiera, caso Compañía Minera La Poderosa y Subsidiaria. JAC?: A Journal Of Composition Theory, 4(1), 34–40.

Dian, C., & Lestari, S. (2022). Sharia e-commerce as a direct investment strategy of BPKH based on profitability and productivity of SMEs. Journal of Economics Science, 8(2), 27–47.

Díaz, G. (2020). Metodología del estudio piloto. Revista Chilena de Radiología, 26(4), 172–176.

Figueroa, E. (2015). entabilidad y uso de comercio electrónico en las micro, pequeñas y medianas empresas del sector comercial. RIDE Revista Iberoamericana Para La Investigación y El Desarrollo Educativo, 6(11), 285.

Fitrios, R., Nur, E., & Zakya, I. (2022). How Information Technology and User Competence Affect the Quality of Accounting Information Through the Quality of AIS. Quality–Access to Success, 23(187), 109–118.

Gutiérrez, R. (2022). Impacto financiero de las medidas transitorias de mitigación aplicadas en el sector bancario en Panamá por Covid-19. REVISTA FAECO SAPIENS, 7(2), 1–18.

Gutierrez, R., & Urquizo, E. (2019). Aproximación teórica a la resiliencia en las organizaciones financieras. Revista de Ciencias Sociales (Ve), 4(5), 1–17.

Gyaase, P., Anokye, A., & Bediako, Y. (2020). The Adoption Of Information And Communication Technology In The Public Sector; A Study Of The Financial Management In The Ghana Education Service (GES). International Journal of Scientific & Technological Research, 2(12), 327–335.

Hauswald, R., & Marquez, R. (2020). Information Technology and Financial Services Competition. Review of Financial Studies, 16(3), 921–948.

Hikmah, Efriyenti, D., & Khadijah, K. (2022). Financial Literacy Development On Housewives As A Basis For Building Family Financial Resilience. MOVE: Journal of Community Service and Engagement, 2(2), 47–51.

Ikechukwu, K. (2019). Igwebuike: An African Journal of Arts and Humanities. IGWEBUIKE: An African Journal of Arts and Humanities, 3(6), 41–52.

López, R. (2021). La modernización del sistema fiscal en el Plan de Recuperación, Transformación y Resiliencia de España. Revista de Ciencias Sociales (RCS), 27(3), 34–36.

Naranjo, S. (2023). Resiliencia financiera post Covid 19. BOLIVAR INNOVA Revista Científica, 6(2), 1–19.

Nkundabanyanga, S., Mugumya, E., Nalukenge, I., Muhwezi, M., & Najjemba, G. (2020). Firm characteristics, innovation, financial resilience and survival of financial institutions. Journal of Accounting in Emerging Economies, 10(1), 48–73.

Nworie, G., & Ofoje, B. (2022). Liquidity as an Antecedent to the Financial Performance of Listed Food and Beverages Firms in Nigeria. International Journal of Advances in Engineering and Management (IJAEM), 4(12), 192–200.

Salazar, L. (2020). Investigación Cualitativa: Una respuesta a las Investigaciones Sociales Educativas. Cienciamatria, 6(11), 101–110.

Sihotang, M., Hasanah, U., & Hayati, I. (2022). Model of Sharia Bank profitability determination factors by measuring internal and externals variables. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 5(1), 235–251.

Tunal, G. (2022). Protocolizando la investigación científica. Investigación Y Postgrado, 37(1), 235–255.

Upadhaya, B., Wijethilake, C., Adhikari, P., Jayasinghe, K., & Arun, T. (2020). COVID-19 policy responses: reflections on governmental financial resilience in South Asia. Journal of Public Budgeting, Accounting and Financial Management, 32(5), 825–836.

Victor, O., Obinozie, H., & Echekoba, F. (2015). The Effect of Information Communication Technology and Financial Innovation on Performance on Nigerian Commercial Banks 2001–2013. International Journal of Accounting Research, 5(7), 51–66.

Vojdani, K., & Lloyd, J. (2022). Assessing the impact of technological advancements on the consumer experience in commercial Aviation. Journal of Student Research, 11(3), 1–9.

Zambrano, F., Rivera, C., Quimi, D., & Flores, E. (2021). Factores explicativos de la rentabilidad de las microempresas: Un estudio aplicado al sector comercio. INNOVA Research Journal, 6(3), 63–78.

Zha, X. (2022). Analysis on the factors influencing the profitability of city commercial banks. Academic Journal of Business & Management, 4(6), 85–93.

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Copyright (c) 2023 Carla Solange Villalba Suárez, Diana Jacqueline Verdezoto Jácome, Brenda Elizabeth Oña Sinchiguano, Rodrigo Arturo Reyes Armas


Download data is not yet available.


Metrics Loading ...