INVESTMENT AND PROFITABILITY OF AFRICAN PALM IN COMPANIES IN ECUADOR PERIOD 2018-2023
Keywords:
African palm, Investment, Profitability, ProfitabilityAbstract
DOI: https://doi.org/10.46296/yc.v8i15edespdic.0551
The present study explores the relationship between investment in assets and profitability in the African palm sector in Ecuador during the period 2018-2023. Using a quantitative approach and a non-experimental design, financial data from 66 companies in the sector, collected from official sources such as the Superintendence of Companies and the National Institute of Statistics and Census (INEC), were analyzed. The descriptive analysis showed a steady growth in assets, although not accompanied by a proportional profitability. Through Pearson correlation analysis and multiple linear regression, it was found that the net margin has a positive and significant relationship with the profit for the year, suggesting that cost optimization is crucial for profitability in the sector. However, investment in assets did not show a statistically significant relationship with profitability, indicating that simply increasing physical resources does not guarantee better financial performance. The findings suggest that companies in the sector should prioritize operational efficiency over asset expansion, and that public policies should focus on supporting technologies that improve sustainability and competitiveness. This study contributes to the literature on financial management in agricultural industries, highlighting the importance of a strategic approach focused on operational profitability.
Keywords: African palm, Investment, Profitability, Profitability.
Downloads
References
Agencia de Regulación y Control Fito y Zoosanitario. (2015). Buenas prácticas agrícolas. Recuperado de https://www.agrocalidad.gob.ec/wp-content/uploads/2023/09/Gui%CC%81a-de-BPA-para-Palma-Aceitera-jul.pdf
Bermúdez, N., Camino-Mogro, S., & Arboleda, X. (2022). Producción y rentabilidad empresarial en el sector agrícola del Ecuador. Revista CEPAL, 137. https://hdl.handle.net/11362/48091
Corporación Financiera Nacional B.P. (2022). Ficha Sectorial Palma Africana. Recuperado de: https://www.cfn.fin.ec/wp-content/uploads/downloads/biblioteca/2022/fichas-sectoriales-4-trimestre/Ficha-Sectorial-Palma.pdf
Furumo, P. R., & Lambin, E. F. (2020). Scaling up zero-deforestation initiatives through public-private partnerships: A look inside post-conflict Colombia. Global Environmental Change, 62, 102055. https://doi.org/10.1016/j.gloenvcha.2020.102055
Grass, I., Kubitza, C., Krishna, V. V., Corre, M. D., Mußhoff, O., Pütz, P., ... & Wollni, M. (2020). Trade-offs between multifunctionality and profit in tropical smallholder landscapes. Nature Communications, 11(1), 1186. https://doi.org/10.1038/s41467-020-15013-5
INEC. (2023). Estadísticas agropecuarias. Recuperado de: https://www.ecuadorencifras.gob.ec/estadisticas-agropecuarias-2/
Jelsma, I., Woittiez, L. S., Ollivier, J., & Dharmawan, A. H. (2019). Do wealthy farmers implement better agricultural practices? An assessment of implementation of Good Agricultural Practices among different types of independent oil palm smallholders in Riau, Indonesia. Agricultural Systems, 170, 63-76. https://doi.org/10.1016/j.agsy.2018.11.004
Ley Orgánica de Régimen Tributario Interno. (2023). Registro Oficial 465.
Meijaard, E., Brooks, T. M., Carlson, K. M., Slade, E. M., Garcia-Ulloa, J., Gaveau, D. L., ... & Santika, T. (2020). The environmental impacts of palm oil in context. Nature Plants, 6(12), 1418-1426. https://doi.org/10.1038/s41477-020-00813-w
Qaim, M., Sibhatu, K. T., Siregar, H., & Grass, I. (2020). Environmental, economic, and social consequences of the oil palm boom. Annual Review of Resource Economics, 12, 321-344. https://doi.org/10.1146/annurev-resource-110119-024922
Reglamento para la aplicación de la Ley de Régimen Tributario Interno. (2023). Registro oficial 444.
Servicio de Rentas Internas. (2023). Estadísticas. https://www.sri.gob.ec/estadisticas-sri
Shahida, S., Zain, N. M., Saad, B., & Muhamad, I. I. (2020). Quality of palm oil in food industry: Current challenges and future prospects. Trends in Food Science & Technology, 105, 465-477. https://doi.org/10.1016/j.tifs.2020.09.023
SIPA. (2023). Palma africana.Recuperado de: https://sipa.agricultura.gob.ec/index.php/palma
Superintendencia de Compañías. (2023). Ranking empresarial. https://appscvsmovil.supercias.gob.ec/ranking/reporte.html
Published
How to Cite
Issue
Section
Categories
License
Copyright (c) 2024 REVISTA CIENTÍFICA MULTIDISCIPLINARIA ARBITRADA YACHASUN - ISSN: 2697-3456
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
