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. Especificación CIIU C31001.01 (Fabricación de muebles de madera, sillones, butacas para teatros, sofás, sofás cama, tresillos, sillones de jardín, muebles para máquinas de coser

Abstract

This study includes the analysis of mid-size companies nation wide referring specially to its capital structure, and with the objective of observing the implementation that has to be taken for financing programs by financial institutions. The study takes into account financial parameters provided by the Companies Regulatory entity and with these resources we will analyze and establish an average parameter related exclusively to mid size companies. Afterwards the parameters of solvency and profitability are established, besides the correlation parameters between them as leverage, heritage, indebtedness, among others. Additionally through access of primary sources as medium sized companies, by poll it is determined the financial actors and external funding access, using different financial tools, knowledge of the market among others.