Estructura de capital de las PYMES ecuatorianas: Variación de la rentabilidad en función de las fuentes de financiamiento, caso de las Medianas Empresas Societarias del Ecuador (MESE), Actividades Inmobiliarias, según clasificación CIIU nivel 2, periodo 2000 al 2013

Abstract

The present research has the expectation to determine the factors that affect the internal and external financing of enterprises engaged in Real Estate Activities according to CIIU 2 classification. Research begins by defining the structure of the composition of the MESE, classification, geographic evolution, source of financing. An overview of the capital structure, analysis and evaluation of the indicators of solvency and profitability to determine to what degree is performed creditors participating in the financing of companies from 2000 until 2012, when making correlations indicators of the capital structure and profitability can define what the relationship between these variables. To get a more accurate reference for financial managers’ survey, which was conducted among financial decision makers of companies engaged in real estate activities, it will assess the weaknesses and strengths that these businesses have to operate was applied in the market and the impact they have on the national economy.