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 A0321.02 Explotación de criaderos de camarones (camaroneras), criaderos de larvas de camarón (laboratorios de larvas de camarón).

Abstract

Companies have two ways to get resources: debt and equity (equity). The decision on the capital structure is extremely important because it can affect the actions of the company and its future investment opportunities. It is vital to note that these decisions must evolve according to the cycle to take the company. (Rivadeneira Ayala, 2012) .Given the differences between SMEs and large enterprises, the results of the empirical analysis are not completely generalizable to all of them, this is why it is necessary to analyze the problems of the determinants of the structure of capital for SMEs in our country. .Unfortunately, there are no works for the non-corporate companies of Ecuador, which means that the present work is a substantial contribution to the subject, specially the shrimp sector in economic terms, exports represented over the past two decades a major export item of Ecuador ranking in the first places among the products exported mainly developing SMEs are companies themselves small and medium that are moving activity.