Las titularizaciones como nuevo mecanismo de financiamiento para las cooperativas de ahorro y crédito del segmento 1 y 2 en la bolsa de valores de Quito

Abstract

This investigation focuses on the analysis of securitizations as a new financing mechanism for the Savings and Credit Cooperatives in 1 and 2 segments in the Quito Stock Exchange, starting from a specific problem such as the high lack of knowledge level and the absence of a stock market culture in the country. In this context, an exploratory investigation was done, in order to understand the factors that difficult the socialization and obtaining of securitizations in the Savings and Credit Cooperatives (COACS) and a descriptive investigation focused on analyzing values and quantities to determine the financial contribution, consequence of its application. The compilation of information was carried out through primary sources such as: interviews with managers and employees of the Quito Stock Exchange and cooperatives in study; and secondary such as: official web pages of the entities involved. At the end of the article, it was confirmed that securitizations provide liquidity to cooperatives and that profitability doesn’t have such a priority for these organizations, due to their institutional philosophy, where social or collective benefit is prioritized over economic.