“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), período 2000 a 2012. Empresas clasificación CIIU G47: comercio al por menor excepto de vehículos automotores y motocicletas

Abstract

The Medium-sized Companies Societarias Ecuadorians (MESE) have difficulties in terms of the limited sources of financing and prefer to be financed through own resources, family or friends and revenue generated by the business. The purpose of this research is to determine the factors of internal and external sources of funding that affect the capital structure of the MESE and profitability. Secondary research sources are used to explain theoretical concepts and to understand the context and characterization of the MESE. Besides the inductivedeductive method which consists of going from particular situations to general situations and conversely. The application of techniques such as survey allowed the collection of primary data to determine the optimal capital structure of the MESE. In conclusion the Medium-sized Companies Societarias Ecuadorians (MESE) prefer financing by own resources, wasting the benefits of debt. The prospects of risk of decision makers limit access to external financing.