Transformación digital y competitividad financiera: Impacto en el beneficio por acción y la rigidez de la presión fiscal

Luisa León-Vega; César Pozo-Estupiñán; Edison Espinoza-Alcívar

doi:10.31637/epsir-2024-1789

Authors

Luisa León-Vega Universidad ECOTEC https://orcid.org/0000-0002-2253-3890
César Pozo-Estupiñán Universidad Bolivariana del Ecuador https://orcid.org/0000-0002-4239-2773
Edison Espinoza-Alcívar Universidad de Córdoba https://orcid.org/0000-0003-1106-7510

DOI:

https://doi.org/10.31637/epsir-2024-1789

Keywords:

digital transformation, earnings per share, fiscal tightness, financial performance, panel data, ecuadorian companies, business strategy

Abstract

Introduction: This research analyzes the impact of digital transformation on the financial performance of Ecuadorian firms, evaluated through earnings per share and tax burden rigidity. Methodology: Using panel data from 781,176 companies that reported their financial statements to Ecuador's Superintendence of Companies between 2018 and 2023, the study employs advanced statistical models to measure how variables such as number of employees, liquidity ratio, and equity strength interact with digital transformation. Results: The results suggest that digital transformation has a significant positive effect on earnings per share, particularly when controlling for economic sector and time period, while its impact on tax burden rigidity is also notable, indicating that firms with higher degrees of digitization face higher tax burdens. Discussion: Panel data models incorporating sectoral and time effects provide the most robust results, underscoring the importance of considering these factors in assessing the impact of digital transformation. Conclusions: These findings have important implications for the formulation of business strategies and public policies, highlighting the need for a comprehensive approach that considers both the benefits and potential tax burdens associated with business digitization.

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Author Biographies

Luisa León-Vega, Universidad ECOTEC

Research professor attached to the Faculty of Business Sciences. Doctor in Education at the University of Córdoba (Spain), with a Master's Degree in Public Finance and Financial and Tax Administration from the Universidad Nacional de Educación a Distancia (Spain) and in collaboration with the Centro de Estudios Fiscales de España.

César Pozo-Estupiñán, Universidad Bolivariana del Ecuador

Master in Economics. PhD student in Economics. University Professor of undergraduate and graduate courses. Currently I work as Research Coordinator, Editorial Director of UBE and of the Scientific Journal NOBILIS, Director of the Economics Department of the Universidad Bolivariana del Ecuador.

Edison Espinoza-Alcívar, Universidad de Córdoba

Doctor in Social and Legal Sciences. Professor-Researcher at undergraduate and postgraduate levels in different universities in Ecuador.

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