Estructura de Capitales de las PYMES ecuatorianas: 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 F42 - Obras de Ingeniería Civil

Abstract

Research on Capital Structure of Ecuadorian SMEs focused on profitability variation depending on funding sources, taken as a case to Ecuador Medium Enterprises Corporate (MESE), period 2000-2012, allowed to study the structure of the side Right Balance Sheet of Ecuadorian SMEs, which based on the theories of capital structure that different writers have raised the issue. We sought to identify both the advantages and disadvantages that decisions of financial managers from different MESE, taken from our case study, identifying major critical areas of the capital structure and its operation for SMEs in Ecuador and to contribute to improve the profitability of companies. The research is structured in such a way as to recognize the structure of the MESE and background in Ecuador, as well as is currently the capital structure of the companies, in this case the construction sector, which was assessed by financial tools capital structure of Ecuadorian SMEs.