Determination of the level of financial organization through a multiple regression model of entrepreneurs in Barranquilla, Colombia

The present study focuses on determining the level of financial organization of Barranquilla entrepreneurs through a multiple regression model. To develop this study, a field collection process based on the quantitative approach is used, applying a survey of 35 Likert scale items to a total of 305 entrepreneurs from the city of Barranquilla-Colombia. The results of the multiple linear regression model are suitable for predicting the behavior of finances based on independent factors: Recognize your balance point, design a budget that supports decision making in the business, maintain an organized record of your sales, the sales price of its products is found from validated profit calculations, operational expenses are directly related to the main purpose of the business, the level of debt does not put the operation of the business at risk, it complies with all tax obligations, and for the organization of its accounting operations it has software. It is concluded that these independent factors are predictive of financial behavior, highlighting the importance of improving the financial organization of local entrepreneurs to boost economic growth in the region.

• Autores: Navarro, Evaristo; Ramirez, Javier; Yepes, Isabel; Roa, Jorge
• Tipo de recurso: Article of investigation
• Fecha de publicación: 2024
• Institución: Corporación Universidad de la Costa
• Repositorio: REDICUC - Repositorio CUC
• Idioma: eng
• OAI Identifier: oai:repositorio.cuc.edu.co:11323/13533
• Acceso en línea: https://hdl.handle.net/11323/13533; https://repositorio.cuc.edu.co/
• Palabra clave: Barranquilla-Colombia; Organización financiera; Emprendedores; Regresión múltiple; Crecimiento económico; Economic growth; Entrepreneurs; Financial organization; Multiple regression
• Rights: openAccess
• License: Atribución 4.0 Internacional (CC BY 4.0)