<?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>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462023000100007</article-id>
<article-id pub-id-type="doi">10.21919/remef.v18i1.787</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Eficiencia financiera de las Cajas Municipales de Ahorro y Crédito (CMAC) del Perú en el periodo 2015-2021]]></article-title>
<article-title xml:lang="en"><![CDATA[Financial efficiency of the Municipal Savings and Credit Banks (CMAC) of Peru in the period 2015-2021]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rossi Valverde]]></surname>
<given-names><![CDATA[Ricardo Manuel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rossi Ortiz]]></surname>
<given-names><![CDATA[Ricardo Gabriel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Privada del Norte  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Peru</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Privada Antenor Orrego  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Peru</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2023</year>
</pub-date>
<volume>18</volume>
<numero>1</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462023000100007&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462023000100007&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462023000100007&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este trabajo utiliza la técnica de tabla de decisiones con variables de entrada Morosidad, ROE, Z2 de Altman, y el grado de relación Morosidad-Z2 y ROE-Z2 para medir la eficiencia del desempeño financiero de las Cajas Municipales de Ahorro y Crédito (CMAC) en una muestra de seis entidades con activos superiores a S/2 billones (2 billones de Soles). Los hallazgos empíricos muestran que CMAC Huancayo, Arequipa, Cusco y Piura logran destacar en su desempeño financiero en 2015-2021, mientras que CMAC Trujillo logra superar el 50% de eficiencia, pero CMAC Sullana es alarmantemente ineficiente. El modelo propuesto proporciona un enfoque integral y pragmático para medir la eficiencia del desempeño financiero de estas microfinancieras, lo cual ha sido una limitante superada por la presente investigación. Entre las conclusiones se destaca que es importante conocer el nivel de eficiencia del desempeño financiero de las CMAC para identificar aquellas con las mejores prácticas en un entorno altamente competitivo.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This work uses the decision table technique with input variables Delinquency, ROE, Altman's Z2, and the degree of relationship Delinquency-Z2 and ROE-Z2 to measure the efficiency of the financial performance of the Municipal Savings and Credit Banks (CMAC). ) in a sample of six entities with assets greater than S/2 billion (2 billion Soles). Empirical findings show that CMAC Huancayo, Arequipa, Cusco and Piura manage to stand out in their financial performance in 2015-2021, while CMAC Trujillo manages to exceed 50% efficiency, but CMAC Sullana is alarmingly inefficient. The proposed model provides a comprehensive and pragmatic approach to measure the efficiency of the financial performance of these microfinance institutions, which has been a limitation overcome by this research. Among the conclusions, it is highlighted that it is important to know the level of efficiency of the financial performance of the CMACs to identify those with the best practices in a highly competitive environment.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Caja Municipal]]></kwd>
<kwd lng="es"><![CDATA[microfinanzas]]></kwd>
<kwd lng="es"><![CDATA[eficiencia]]></kwd>
<kwd lng="es"><![CDATA[morosidad]]></kwd>
<kwd lng="es"><![CDATA[rentabilidad sobre el Patrimonio]]></kwd>
<kwd lng="es"><![CDATA[Modelo Z de Altman]]></kwd>
<kwd lng="es"><![CDATA[activo total]]></kwd>
<kwd lng="es"><![CDATA[competitividad]]></kwd>
<kwd lng="en"><![CDATA[Municipal savings banks]]></kwd>
<kwd lng="en"><![CDATA[microfinance]]></kwd>
<kwd lng="en"><![CDATA[efficiency]]></kwd>
<kwd lng="en"><![CDATA[Delinquency]]></kwd>
<kwd lng="en"><![CDATA[Return on Equity]]></kwd>
<kwd lng="en"><![CDATA[Z model of Altman]]></kwd>
<kwd lng="en"><![CDATA[total assets]]></kwd>
<kwd lng="en"><![CDATA[competitiveness]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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<given-names><![CDATA[S. R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Análisis de rentabilidad, endeudamiento y liquidez de microempresas en Ecuador]]></article-title>
<source><![CDATA[Retos Revista de Ciencias de la Administración y Economía]]></source>
<year>2021</year>
<volume>11</volume>
<numero>22</numero>
<issue>22</issue>
<page-range>235-49</page-range></nlm-citation>
</ref>
</ref-list>
</back>
</article>
