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 G4630.51 - Venta al por mayor de bebidas no alcohólicas (jugos, gaseosas, agua mineral, helados, bolos etc

Abstract

In Ecuador companies are divided into Big , Medium, Small and Micro sized enterprises; from which only 6.5% represent the big companies , while the other three groups are the 93.5%; despite of the low amount of big sized companies their sales are 80.4% of the total sales in the country, leaving only 19.6% of sales to the others. Another aspect is that small and medium enterprises (SME) do not survive more than three years and that maybe because financial managers have no specific education or experience in finance. Nowadays, the global market requires companies with more preparation; it will allow them to face the new trends by finding resources in optimal percentages; the use of financial indicators allow them to make right decisions in the financial field; that is why this work analyzes the reality of the SME and presents the current situation by establishing indicators.