Venezuelan companies of the bakery sector. A look at their financing

Abstract

The socio-economic crisis that Venezuela has been experiencing for the last two decades has negatively affected many productive sectors, including the bakery sector. The scarcity of raw materials, import difficulties and price controls are just some of the destabilizing elements that have undermined the financing structure of many companies, leading them, in the worst case, to their operational closure; However, many others have reinvented themselves to maintain their operations and continue to respond to the demand of their products. Therefore, the objective of this article is to identify the financing structure that the bakery companies have been building, specifically those located in the Parish Manuel Dagnino of the Municipality Maracaibo. For this purpose, a descriptive, quantitative, field, non-experimental and transversal methodology was used, obtaining as main results that the financing is concentrated on capital contributions by shareholders, the issuance of common shares, amortizations, bank loans and short-term debts. Thus, it is concluded that there is a combination of both internal and external sources of financing, favoring those that in one way or another generate a purchasing loss for the financing entity due to inflationary factors, currency devaluation and exchange rate policy that play an important role in the financial and economic dynamics of the country.