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), período 2000 a 2012. Clasificación CIIU C13 – Fabricación de productos textiles (en la ciudad de Quito).

Abstract

The aim of this project is to determine the factors of internal and external sources of funding that affect the capital structure and profitability of midsize companies in Ecuador. For this purpose, the study was based using an approach that is based on the general aspects of the enterprises in our country continuing into a specific analysis of a productive sector, which in this case is the manufacture of textile products (in the city of Quito). As part of the study, a survey was applied to collect information that has allowed us to know the specific aspects on which the financial managers base their decisions on financing and its effect on the profitability of the companies. The results show that these companies mainly use internal funding sources, bank loans and supplier credits