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 2000-2012. Clasificación CIIUA03 Pesca y Acuicultura

Abstract

This research is based on the analysis of the capital's structure of the Ecuadorian SMEs: Variation of the profitability according to the funding sources of the Ecuadorian Medium-Sized Enterprises Corporate(MESE), period 2000-2012. The main objective of this research is to determine the factors of internal and external sources of funding that condition the capital's structure of the MESE and its profitability. The methodology used to determine and analyze the information in this work is: among the primary sources of information; the survey of decision makers of the MESE, among the secondary, INEC database, Superintendence of Companies, Superintendence of Banks, the Central Bank of Ecuador, etc., where there is more statistical information of the given period, by year and by sections. After the process of the survey made to the MESE-CIIU A03, it was observed that the managers base their funding decisions supported by financial tools and a 60% to the extern funding