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Relationship Between the Profitability of Ecuadorian Companies Versus the Growth of Ecuador’s GDP

In: New Perspectives and Paradigms in Applied Economics and Business

Author

Listed:
  • Juan Salazar-Mera

    (Universidad Tecnológica Indoamérica)

  • Catalina Silva-Ordoñez

    (Universidad Tecnológica Indoamérica)

  • Tania Morales-Molina

    (Universidad Tecnológica Indoamérica)

Abstract

Ecuador’s current business situation has been deteriorating in recent years, presenting many challenges to its economic growth. This deterioration is associated with external factors specific to the country, such as increased insecurity due to organized crime, disruptions in oil production, climatic events, and political uncertainty. The objective of this research is to analyze and report important information on the relationship between corporate profitability and GDP growth. The methodology has a quantitative approach, since data are quantified numerically, and an explanatory-descriptive approach, since an empirical analysis of GDP growth and corporate profitability in Ecuador is carried out. Data offered by the Central Bank of Ecuador, INEC, the Superintendence of Company, and Chamber of Industry of Ecuador, from 2017 to 2023, and forecasts for 2024 are reviewed. The results obtained in the present research show evidence of the existing relationship between growth and profitability, and the importance of working to improve these indicators for development and growth in Ecuador. The conclusions are clear: it is possible to identify the companies that have the greatest impact on the country in terms of their contributions, and it is also clear that the government and business leaders have little strategy to improve the results of the country's economic growth.

Suggested Citation

  • Juan Salazar-Mera & Catalina Silva-Ordoñez & Tania Morales-Molina, 2025. "Relationship Between the Profitability of Ecuadorian Companies Versus the Growth of Ecuador’s GDP," Springer Proceedings in Business and Economics, in: William Gartner (ed.), New Perspectives and Paradigms in Applied Economics and Business, pages 749-760, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-77363-1_48
    DOI: 10.1007/978-3-031-77363-1_48
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