Internal control management for SMEs from a corporate governance perspective and impact on financial results, agricultural sector

Abstract:

Introduction. The agricultural sector is the third largest in Ecuador. In Cotopaxi, of seventy-one agricultural companies, 9.85% are large and 60.57% are SMEs. The agricultural sector in the SMEs has presented a deficient administrative organization, specifically in the management of internal control. Objective. To analyze the management of internal control as a pillar of corporate governance and its impact on the financial results of medium and large companies in the agricultural sector of Cotopaxi. Methodology. The study is a quantitative, correlational, cross-sectional study applied to the executive level of twenty-two companies. The evaluation of corporate governance was conducted considering the methodology of good practices of the Dubai code. Results. The results indicate a positive and significant correlation between the control environment and the ROE and ROA indicators. Conclusions. Internal control management has an impact on financial results, so that the evidence of this study can be generalized to SMEs. In this context, the contribution of the research is a model of internal control management based on corporate governance, which influences better performance by providing value, soundness, and efficiency for SMEs in the agricultural sector. Introducción. El sector agrícola representa el tercer lugar en el Ecuador. En Cotopaxi, de 71 empresas agrícolas, el 9, 85% son grandes y el 60, 57% Pymes. El sector agrícola en las Pymes ha presentado una deficiente organización administrativa específicamente en la gestión del control interno. Objetivo. Analizar la gestión del control interno como pilar del gobierno corporativo y su …

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