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. Clasificación: CIIU G4773.22 - venta al por menor de fertilizantes, balanceados y abonos en establecimientos especializados

Abstract

This paper studies the capital structure of Ecuadorian PYMES nationwide during the period from 2000 to 2012, and so particularly midsize businesses according to classification CIIU G4773.22 business sector dedicated to sales of fertilizers, animal food and specialized fertilizers; through which it aims to identify and understand the factors that affect the decision concerning the financing and the economic impact of management administrative decisions. Also the variations in profitability based on the evaluation of financial solvency and profitability indicators, trend and analyze critical points; the behavior and preferences of the business sector in terms of internal or external sources of financing available in the market. Finally studies the behavior of entrepreneurs, their characteristics, their experience and how they interact administratively, and identifies what are the financial tools used by employers in the administration and the trend of the capital structure of the business sector.