Determinants of business performance in Metropolitan Lima during the COVID-19 pandemic

Authors

DOI:

https://doi.org/10.15381/quipu.v29i61.21731

Keywords:

financing, companies, problems, COVID-19

Abstract

Objective: Identify the determining factors that explain the poor business performance in Metropolitan Lima during the COVID-19 pandemic. Method: Factor analysis was used to group the problems that Metropolitan Lima companies faced during the COVID-19 pandemic, and to identify the main factors associated with these problems. Subsequently, the effects that the factors had on business performance were estimated, which are understood as the companies' sales index. Results: The factors associated with liquidity and operational problems had a negative and statistically significant effect on the companies' sales index. However, the factor associated with liquidity problems was decisive in explaining the behavior of the sales index in companies in Metropolitan Lima during the COVID-19 pandemic. Conclusion: The problems associated with access to financing and lack of liquidity of companies are the ones that explain to a greater extent the poor business performance in Metropolitan Lima during the COVID-19 pandemic.

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Author Biography

  • Joshep Ivan Ramos Reyes, Moore Perú

    Graduate of the Master's Degree in Banking & Finance from the Universidad Nacional Mayor de San Marcos and member of the Institute of Internal Auditors of Peru, with more than ten years of professional experience in Internal Audit, External Audit, Risk Management, Sarbanes-Oxley Act (SOX), in financial, service, retail, manufacturing, and commodities and raw materials trading companies. 

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Published

2021-12-29

Issue

Vol. 29 No. 61 (2021)

Section

Original papers

License

Copyright (c) 2021 Joshep Ivan Ramos Reyes

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

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b. Authors retain their right to share, copy, distribute, perform and publicly communicate their article (eg, to place their article in an institutional repository or publish it in a book), with an acknowledgment of its initial publication in Quipukamayoc .

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How to Cite

Ramos Reyes, J. I. (2021). Determinants of business performance in Metropolitan Lima during the COVID-19 pandemic. Quipukamayoc, 29(61), 95-104. https://doi.org/10.15381/quipu.v29i61.21731