Abstract

ROMERO ALVAREZ, Yaneth  and  RAMIREZ MONTOYA, Javier. Relationship of the financial decision making with the financial knowledge level in MSMEs. suma neg. [online]. 2018, vol.9, n.19, pp.36-44. ISSN 2215-910X.  https://doi.org/10.14349/sumneg/2018.v9.n19.a5.

The success or failure of MSMEs depends on the dynamics of the managers of the companies responsible for decision making and, in turn, this will depend on the skills, knowledge and skills acquired through financial education. The present study relates by means of Multiple Correspondence Analysis, the level of financial knowledge of the managers of 113 Mipymes in Sucre-Colombia, classifying it in different levels that will allow to establish the relationship that exists between this and the historical analysis of the company, the making future decisions, the use of innovation, technology and the consolidation of its own management model; finding a high incidence in the use of Finance and specialized software in those managers who have a higher level of schooling and who have done additional courses in finance.

Keywords : MSMEs; education; decision making; financial knowledge; multiple correspondence analysis.

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