<?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>1390-8618</journal-id>
<journal-title><![CDATA[RETOS. Revista de Ciencias de la Administración y Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Retos]]></abbrev-journal-title>
<issn>1390-8618</issn>
<publisher>
<publisher-name><![CDATA[Universidad Politécnica Salesiana]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1390-86182024000200293</article-id>
<article-id pub-id-type="doi">10.17163/ret.n28.2024.07</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Crecimiento empresarial post-recesión: impacto en ROE a corto y largo plazo]]></article-title>
<article-title xml:lang="en"><![CDATA[Post-recession business growth: impact on ROE in the long and short term]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Spitsin]]></surname>
<given-names><![CDATA[Vladislav]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ryzhkova]]></surname>
<given-names><![CDATA[Marina]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Spitsina]]></surname>
<given-names><![CDATA[Lubov]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Leonova]]></surname>
<given-names><![CDATA[Victoria]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Politécnica Nacional Tomsk  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Rusia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Politécnica Nacional Tomsk  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Rusia</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad Politécnica Nacional Tomsk  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Rusia</country>
</aff>
<aff id="Af4">
<institution><![CDATA[,Universidad Politécnica Nacional Tomsk  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Rusia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2024</year>
</pub-date>
<volume>14</volume>
<numero>28</numero>
<fpage>293</fpage>
<lpage>310</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://scielo.senescyt.gob.ec/scielo.php?script=sci_arttext&amp;pid=S1390-86182024000200293&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.senescyt.gob.ec/scielo.php?script=sci_abstract&amp;pid=S1390-86182024000200293&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.senescyt.gob.ec/scielo.php?script=sci_pdf&amp;pid=S1390-86182024000200293&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen A principios del presente siglo, la economía mundial experimentó varios eventos de crisis que afectaron negativamente el desempeño empresarial. Muchas empresas han atravesado largos períodos de reducción de las ventas. Este artículo continúa la serie de trabajos científicos sobre el estudio del reinicio del crecimiento, es decir, el crecimiento de las empresas después de un largo período de estancamiento o caída de las ventas, y contribuye con la literatura mediante el análisis del impacto de diferentes tipos de reactivación del crecimiento en el desempeño de las empresas (rendimiento sobre el capital de la empresa-ROE). Los datos de panel incluyen 7528 observaciones (1882 empresas * 4 años). Para el análisis de datos se utilizan modelos de regresión con efectos fijos. El estudio reveló un impacto positivo del crecimiento a largo plazo sobre el ROE, pero no confirmó el impacto del crecimiento a corto plazo sobre el ROE. Los máximos beneficios los obtienen las empresas jóvenes con un rápido crecimiento de las ventas a largo plazo. Los estudios empíricos arrojan resultados variables sobre el impacto del crecimiento en la rentabilidad de las empresas. Nuestro enfoque muestra que el crecimiento sostenible a largo plazo permite a las empresas lograr una mayor rentabilidad. Estos resultados serán de interés para los inversores que deberían centrarse en encontrar empresas que puedan demostrar un crecimiento anual de las ventas durante varios años. También se recomienda que los propietarios y gerentes se esfuercen por lograr un crecimiento anual a largo plazo en las ventas de la empresa.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract At the beginning of the current century, the world economy experienced several crisis events that negatively influenced business performance. Many businesses have experienced long periods of declining sales. This paper continues the series of scientific works on the study of restarting growth, i.e., the growth of companies after a long period of stagnation or falling sales. The paper contributes to the world literature by analyzing the impact of different types of restarting growth on firm performance (firm&#8217;s return on equity - ROE). The panel data includes 7528 observations (1882 firms * 4 years). Regression models with fixed effects are used for data analysis. The study revealed a positive impact of long-term growth on ROE, but it did not confirm the impact of short-term growth on ROE. The maximum benefits accrue to young companies with long-term fast sales growth. Empirical studies provide varying results on the impact of growth on firm profitability. Our approach reconciles these contradictions and shows that sustainable long-term growth allows firms to achieve higher profitability. These results will be of interest for investors, who should focus on finding companies that can demonstrate annual sales growth for several years. It is also advisable for owners and managers to strive for long-term annual growth in firm sales.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[empresas de rápido crecimiento]]></kwd>
<kwd lng="es"><![CDATA[reactivación del crecimiento]]></kwd>
<kwd lng="es"><![CDATA[desempeño empresarial]]></kwd>
<kwd lng="es"><![CDATA[ROE]]></kwd>
<kwd lng="es"><![CDATA[análisis de datos de panel]]></kwd>
<kwd lng="en"><![CDATA[fast-growing firms]]></kwd>
<kwd lng="en"><![CDATA[restarting growth]]></kwd>
<kwd lng="en"><![CDATA[firm performance]]></kwd>
<kwd lng="en"><![CDATA[ROE]]></kwd>
<kwd lng="en"><![CDATA[panel data analysis]]></kwd>
</kwd-group>
</article-meta>
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