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 nivel 3 C259 actividades de forja, prensado, estampado y laminado de metales; pulvimetalurgia, producción de objetos de metal directamente a partir de polvos de metal que se someten a tratamiento calorífico o de compresión.

Abstract

This paper studies the capital structure of Ecuadorian SMEs in our country most of them are engaged in the production of goods and services play an important role in the economy because they are generators of employment, these are a key player in economic development. In preparing this study a collection of information was made on the environment of the Medium Corporate Business Ecuador, classification, geographic trends, business financial sector companies engaged in the C259 classification, financial indicators of solvency and profitability was analyzed the MESE, sources of financing for PYMES, the use of financing, financial tools used in financial management. In order to better understand how SMEs, their financial status are made, understand whether external funding sources have a positive impact on profitability. Analyze the evolution of financial indicators MESE; determine the impact of the capital structure of the MESE in its indicators of profitability and solvency, its correlation with the capital structure and identifying the financial tools that entrepreneurs use to make decisions about capital structure.