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 a 2012. Clasificación - CIIU Q8610.01 Actividades de atención a la salud humana, actividades médicas, de diagnóstico y de tratamiento de hospitales básicos y generales.

Abstract

The National Research Project of the capital structure of Ecuadorian SMEs: Variation of profitability depending on the sources of funding for medium-sized companies Corporate Ecuador (MESE), period 2000-2012; It has been developed in three chapters that theoretical research, analysis, conclusions and recommendations clearly have the knowledge required to make financial managers who manage these businesses is presented. In the Chapter 1, the environment in which the medium-sized companies develop Ecuador Corporate shown; structure and composition of corporate companies in Ecuador, its geographical development, characterization and classification based on ISIC MESE, sources of financing for accessing and money market characteristics. In Chapter 2 the background on the capital structure of SMEs shows; financial techniques to evaluate capital structure and profitability of companies; the analysis of financial indicators of solvency and profitability of MESE and analysis of correlation between capital structure and profitability of the MESE. Chapter 3 sets out who are the financial managers of the MESE, profile and training he has; and the sources and uses of funding that have, through the results of the survey of companies. Finally conclusions and recommendations of all the work done are set.