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 C2511.01– Fabricación de estructuras de metal marcos o armazones para construcción y partes de esas estructuras: torres, mástiles, armaduras, puentes, etcétera

Abstract

Titling work: Capital structure of Ecuadorian SMEs: Variation of profitability based on the sources of funding for medium-sized companies Corporate Ecuador (MESE), between 2000 and 2012; It aims to analyze the behavior of midsize businesses in the country, according to its capital structure, in a study horizon of 12 years. A determining MESE growth factor is the way how they are funded. Usually, the tendency is to resort to credit in the financial system, which, throughout this period, has been subject to constant changes by regulators in the country, changes that will undoubtedly affect in a significant way in the growth thereof. On the other hand, we can observe the behavior of the MESE, according to the evolution of different financial indicators and financial tools they use for making decisions about capital structure.