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. C20 Empresas medianas de fabricación de substancias y productos químicos

Abstract

This paper addresses the topic related to the capital structure of SMEs in Ecuador, which has not been addressed technically, because financial tools are only applied by people with a profile and specific training in finance In this sense many of the owners or managers of SMEs do not have the specific knowledge, which makes companies have problems in their profitability. You need to know the reality of SMEs today, and what financing offers presented in the market are, and what their relationship and effect with corporate profitability and debt levels to which these have I agreed. Obtaining information in this case was first hand, as the financial information was provided by the managers of companies and this was analyzed for general viewing the situation of the companies depending on their productive activity in the country.