Estructura de capital de las pymes ecuatorianas: variación de la rentabilidad en función de las fuentes de financiamiento, caso de las medianas empresas societarias de Ecuador (MESE) C107 elaboración de otros productos alimenticios, periodo 2000 a 2012

Abstract

The purpose of this research is to determine the different aspects of the sources of financing internal and external to condition the capital structure of the MESE and its profitability. The companies analyzed belong the C107 groups, food manufacturing, and term 2000 to 2012. Collected financial information of the MESE was from INEC and of the Superintendence of Companies, with that information was possible do an analysis of the profits and solvency indexes. For this investigation was used the scientific method, inductive-deductive method, and the survey and observation technics. The first was applied for who had the faculty of taking decisions. To know: their profile, the financial tools that are used, the kind of financial for the market and finally, the causes of the changes in the profits in those companies. Using this information the financial negotiators can support the decisions of financing, to seek the best profitability for the businesses, reducing the risk for the future investment, knowing what does the best structure of capital for the MESE.