Propuesta de estructura óptima de capital para la empresa Novacredit s.a. mediante la metodología del WACC

Abstract

Novacredit S.A., is a company dedicated to the generation, administration and sale of portfolios in the automotive sector, with its headquarters in the city of Cuenca, which has been operating in the Ecuadorian market for 10 years. This entity that belongs to the Vázquez holding, in this time has managed to be present in 60 dealerships nationwide. This integrating project seeks to offer an optimal capital structure proposal, with which it helps to control financial expenses so that the entity can have a stronger capital structure that supports operations and continuous improvement projects. thus, achieving to offer quality customer service. The capital structure will be analyzed applying the WACC method, which stands out for considering the risk to which the company is exposed, and as Apaza Mamani (2017) mentions, it evaluates the cost of the financing resources used by the entity to operate. Knowing the above, it will allow us to minimize the weighted average cost of capital, which will positively affect the performance of the company. For the elaboration of the optimal capital structure proposal, 2 options of methodology application directly related to obtaining the variable return required by the shareholders are considered. These options have been considered owing to the articles that have been found which cover the application of the correctly adapted methodology to companies that develop in imperfect capital markets. These forms of application have been selected with the goal of aligning their characteristics with the company and its environment.