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), clasificación CIIU G471 - venta al por menor en comercios no especializados, periodo 2000 a 2012

Abstract

Globally, technological changes, the structure and functioning of the global economy, corporate development and its impact on all sectors of the economy; They have brought great consequences as changes in the capital structure of the Medium Enterprises Ecuador. Las PYMES in Ecuador are particularly in the production of goods and services, to be the basis of social development producing both demanding and buying products or adding value, which constitute a key player in the generation of wealth and employment. In the present research the MESE be studied, starting from their environment, according to the International Standard Industrial Sorter, and focusing on profitability and solvency, describes the main features as well as the shortcomings and problems faced on growth in the market. This thesis will serve as a guide to determine the financial principles in order to achieve an adequate source of funding that can be obtained from external or internal resources found in the Ecuadorian financial market.