Variación de la rentabilidad en función de las fuentes de financiamiento, caso de las Medianas Empresas Societarias de Ecuador (MESE), periodo 2000 a 2012, Caso: CIIU G45 Comercio y reparación de vehículos automotores y motocicletas

Abstract

The objective of this investigation is to determine both internal and external funding resources that condition capital structure and profitability of Corporate Medium Enterprises Ecuador (MESE), period 2000 to 2012. Case: CIIU G45-Trade and Repair of Automotive Vehicles and Motorcycles. It is based on data from the Superintendence of Companies of Ecuador, compromising a population of 34 companies and a representative sample of 6 companies to conduct surveys. The information derived from the case of study reveals that the main financing source of companies is getting debt with suppliers, followed by leverage of sale of company’s shares and finally private debt. Companies that do not seize financial tools advantages to make appropriate decisions are recommended to use them to leverage companies’ financial performance.