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), periodo 2000 a 2012. Caso: CIIU C3100.0 Fabricación de muebles /

Abstract

The SMEs in Ecuador are considered an important source of income and employment, which is why they have been taken forward in this paper. In this environment characteristics in which they operate, analyzing the types of financing that can be accessed studied. an overview of the capital structure are also mentioned, graphical methods are used to analyze financial solvency and profitability indicators, correlations between indicators are performed to analyze the profitability derived from its capital structure. It speaks specifically of MESE with ISIC C3100.0 considered in this work. Through surveys companies on this classification, the profile of the financial manager, informal learning, the sources and uses of financing, utility and applications that have the financial tools in managerial administration and factors influencing investigated financing decision MESE. All this has been done in order to make the incidents factors in the stability of such companies