The Role of PGE in the Financial Performance of Entrepreneurial Microenterprises for Regional Socioeconomic Development
DOI:
https://doi.org/10.37467/gka-revsocial.v8.2028Keywords:
Entrepreneurship, Financial performance, Microenterprise, Social and economic development, economía personalAbstract
Purpose. To know the degree of influence exercised by business management practices on the financial performance of entrepreneurial microenterprises for regional socio-economic development. Methodology: The methodological design used was quantitative, explanatory, observational and transversal. 127 young entrepreneurs from the state of Guanajuato, Mexico were analyzed. An SEM model was developed whose goodness and fit indices (X2 = 172.386 df = 101; CFI = 0.942 and TLI = 0.932; RMSEA = .07) are acceptable. Results: A positive and significant relationship was found between the business management practices and the financial performance of entrepreneurial microenterprises. Likewise, business management practices have a positive and significant influence on the financial performance of entrepreneurial microenterprises in the state of Guanajuato, Mexico.
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