@article{vargasfigueroa2026access,
  title = {Access to Public Financing for Peruvian Hardware SMEs: The Role of Legal Formalization},
  author = {Joberth VARGAS-FIGUEROA and Talita Noemi HERRERA-SAENZ and Jorge Alejandro Tejada-Carrera},
  year = 2026,
  url = {https://ibimapublishing.com/articles/IBIMABR/2026/507229/},
  journal = {IBIMA Business Review},
  volume = 2026,
  pages = 12,
  doi = 10.5171/2026.507229,
  abstract = {This study examines the relationship between legal formalization and access to public financing among SMEs in Peru’s hardware sector. A quantitative approach with a non-experimental design and correlational scope was employed, using a Likert-scale survey administered to 125 companies. The results show that 74% of the SMEs were formally incorporated, indicating a positive trend toward formalization in this sector. High positive correlations were identified between business formalization and access to financing (Rho=0.673; p=0.000), as well as between registration and tax formalization and financing (Rho=0.716; p=0.000). Likewise, a positive relationship (Rho=0.497; p=0.000) was found between labor formalization and access to financial resources, and a moderate positive relationship (Rho=0.317; p=0.000) in the case of municipal formalization. It is concluded that legal formalization in its various dimensions (registration, tax, labor, and municipal) constitutes a determining factor in improving access to public and private financing, thereby enhancing the growth capacity and sustainability of hardware SMEs.},
  keywords = {Access to financing, Business formalization, Tax obligations, Legal compliance, Small business.},
  note = Article ID: 507229
}