Abstract

According to economic indicators, SMEs have used, for which a hypothesis “the greater the financial become an essential part of the Costa Rican economy. order in Costa Rican SMEs exporting, more export However, the Export Performance Index (IPE) has success” was established. An analysis of Spearman shown a decline of the highly successful exporting correlation and a Student's t-test comparison of companies, and an increase of the ones cataloged as averages were used to analyze the results. From a unsuccessful. For that reason, in this study we analyze sample of 302 companies, it was concluded that a and measure if the implementation of financial models and financial order can influence a proper frequent execution of financial activities and financial development and the achievement of objectives order activities on SMEs is not necessarily associated of exporting SMEs established in Costa Rica. In with a high IDE. This study is aim to collaborate with accordance to this purpose, a mixed approach was future academic research agendas on SMEs topics.

Keywords: Small and Medium Enterprises (SMEs); Financial Management; Export success and failure