Estructura de capital de las pymes ecuatorianas: Variación de la rentabilidad en función de las fuentes de financiamiento, caso de las Medianas Empresas Societarias del Ecuador (MESE) en el periodo 2011-2014

Abstract

The main objective of this work is to analyze the variation of the profitability according to the sources of financing for the Medium-sized Enterprises of Ecuador (MEEE). In order to carry out this study we have taken into account the database presented by the Superintendence of Companies of companies in the city of Loja in the years 2011 to 2014, it was necessary to apply some financial indicators such as profitability, solvency, leverage And size; The methodology that was used in the work of end of titulación was a correlation of variables to determine the associativity of the same using data panel. As main results of this investigation we can conclude that the MESE correlates low between the independent variables with respect to the dependent variable. So it can be mentioned that the relation between the generation of profits with respect to the increase of debt is low