Análisis de la estructura de capital y su efecto en la rentabilidad de las pymes enfocadas en el comercio al por menor de la ciudad de Quito en el periodo 2007-2012

Abstract

The research seeks to understand the relationship between the capital structure of SMEs focused on the retail business in the city of Quito and its effect on profitability that accrue to owners of those businesses. SMEs have intensive labor in the country, so they are productive units of high importance to the national economy. So knowing their funding sources is important to generate public policies supporting small and medium entrepreneurs. The main objective of the research was to analyze the capital structure and its effect on the profitability of SMEs focused on retail trade in the city of Quito for 2007-2012. In companies in the country, of every dollar of assets, 71 cents is funded by external sources such as suppliers and financial institutions and 29 cents a source of shareholders. This affects the capital structure, and that the higher debt equity in the company it is more likely to improve profitability.