Estructura de capital de las pymes: Variación de la rentabilidad en función de las fuentes de financiamiento, caso de las Medianas Empresas Societarias de Ecuador (MESE), período 2000 a 2012. Clasificación CIIU I5510 – Actividad de Alojamiento para Estancias Cortas

Abstract

The present academic research has main goal to analyze the factors of the sources of internal and external financing that determine the structure of the capital and the profitability of the Medium Association Companies of the Ecuador (MESE). The research methodology includes the analysis of 5 companies which classification CIIU is I5510 relating to the Activity of Housing for Short Stays, by means of the financial indicators and the financial management of the MESE one will determine the variability of his performances, sources of financing and financial used tools; as well as, his impact in the management . Finally, across this work an analysis was obtained as tool for the opportune identification of the perspectives of risks of the companies for an efficient capture of decisions that will favor the structure of the capital and performances of the MESE.