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, periodo 2000 - 2012

Abstract

In recent decades, the sector of small and medium enterprises has become a mainstay of the economy of Ecuador, as the dynamism of its range of products and services are generating new jobs at all levels. Like any company to gain a foothold in the market, requires resources that help meet the needs of the demand, so this is where a large majority of small and medium enterprises have serious problems, which limited financing options, They make many of these businesses close their doors earlier than expected by investors. This paper aims to analyze the financial structure in the medium-sized enterprises as is conditional on the profitability of companies, for which a survey was conducted to companies ISIC Rev. 4.0 G4530.00 category, which not only financial information is obtained, but additionally the perception of entrepreneurs was analyzed in relation to the sources and uses, most of which have argued that the debt is essential for growth.