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 2013

Abstract

The PYMES are companies considered as a fundamental part of the economy of a country, its management allows the generation of productive capital for the supply of goods and services, whereby not only the market needs is satisfied, also contribute to the generation employment in society. The importance of PYMES management has allowed them to open frontiers, so they are not only limited to domestic needs, but also have been able to expand into foreign territories. The PYMES have been characterized by the implementation of projects aimed at business, limitations on achieving strong levels of financing and legal aspects regulating prevented their participation in the industrial sector. These limitations are aimed at sales volume and the number of partners involved in these organizations, because the growth of these variables the be located in a different category of business.