Keywords
debt
third-party resources
How to Cite
Abstract
This study analyzes the relationship between financial planning and the indebtedness of textile merchants in popular markets in Ecuador. A quantitative approach is used with correlational design and nonprobabilistic convenience sampling with 40 merchants. The results revealed a strong positive correlation (r=0.885, p<0.05) between financial planning and merchants' indebtedness. These findings suggest that adequate financial planning is significantly associated with the indebtedness levels of textile traders in that market. In addition, it was observed that training must be continuous and adaptive to contribute effectively and efficiently to the financial improvements of these traders.
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