Estructuras 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 CIIU G46: Comercio al por mayor excepto de vehículos automotores y motocicletas

Abstract

The present research is the analysis of Capital Structures of midsize companies corporate Ecuador from 2000 to 2012, providing a measure profitability considering the sources of funding and externally who choose the MESE about their growth, helping understand what the optimal structure for the development of the companies studied. The findings are supported by surveys of different active MESE and might be considered the optimal capital structure is financed internally through profits earned by avoiding the purchase obligations to third parties or also known as debt. In addition to the study financial tools to help generate additional information to help determine the impact of the MESE with the capital structure and management to take decisions for viable development was applied. The work plan also presents recommendations for future research on the changes that took the MESE in the years of study.