<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422019000400008</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2018.1596</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Estudio de los factores determinantes del crecimiento de las cajas municipales de ahorro y crédito del Perú]]></article-title>
<article-title xml:lang="en"><![CDATA[Study of the determinant factors of the growth of municipal savings and credit cooperatives in Peru]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gómez]]></surname>
<given-names><![CDATA[Gerardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mena]]></surname>
<given-names><![CDATA[Ana]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Beltrán López]]></surname>
<given-names><![CDATA[Robert]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nacional de Piura  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Peru</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Tecnológico Nacional de México Instituto Tecnológico de Chetumal ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2019</year>
</pub-date>
<volume>64</volume>
<numero>3</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422019000400008&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422019000400008&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422019000400008&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo de este trabajo es determinar los factores que influyen en el crecimiento de las cajas municipales del Perú. Existe escasa literatura referida a los factores que influyen en el crecimiento de empresas financieras por lo que este estudio se constituye en una primera aproximación a entender sobre los factores que influyen en el crecimiento de empresas financieras. Los datos fueron obtenidos de la Superintendencia de Banca y Seguros y Administradora de Fondos de Pensiones (SBS), que es órgano supervisor del sistema microfinanciero en Perú, y comprende el período 2005-2014. Para contrastar las hipótesis planteadas se ha utilizado el modelo de datos de panel con efectos fijos y efectos aleatorios. Se utilizaron dos medidas de crecimiento empresarial: Los ingresos financieros y el número de trabajadores. Las variables independientes utilizadas fueron: Colocaciones, depósitos, tasa de interés, morosidad, cre-cimiento económico y edad. Se encontró que los depósitos influyen de manera positiva en el crecimiento de las cajas municipales y la morosidad influye de manera negativa en el crecimiento de las cajas munic-ipales en el Perú.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The objective of this work is to determine the factors that influence the growth of municipal savings banks in Peru. The literature regarding the factors that influence the growth of financial companies is scarce, so this study constitutes a first approximation to understand the factors that influence the growth of financial companies. The data were obtained from the Superintendency of Banking and Insurance and Pension Fund Administrator (SBS for its acronym in Spanish), which is the supervisory body of the microfinance system in Peru and covers the 2005-2014 period. The panel data model with fixed and ran-dom effects was used to compare the hypotheses. Two measures of business growth were used: financial income, and the number of workers. The independent variables used were: Placements, deposits, interest rate, delinquency, economic growth, and age. Deposits were found to positively influence the growth of municipal savings banks while delinquency negatively influence the growth of municipal savings banks in Peru.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[G21]]></kwd>
<kwd lng="es"><![CDATA[G23]]></kwd>
<kwd lng="es"><![CDATA[G32]]></kwd>
<kwd lng="es"><![CDATA[Cajas municipales]]></kwd>
<kwd lng="es"><![CDATA[Teoría de microfinanzas]]></kwd>
<kwd lng="es"><![CDATA[Datos de panel]]></kwd>
<kwd lng="en"><![CDATA[G21]]></kwd>
<kwd lng="en"><![CDATA[G23]]></kwd>
<kwd lng="en"><![CDATA[G32]]></kwd>
<kwd lng="en"><![CDATA[Savings banks]]></kwd>
<kwd lng="en"><![CDATA[Microfinance theory]]></kwd>
<kwd lng="en"><![CDATA[Panel data]]></kwd>
</kwd-group>
</article-meta>
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