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

Abstract:The thesis entitled: Capital structure of Ecuadorian SMEs: Variation in profitability depending on funding sources, of Midsize Business Corporate Ecuador (MESE), period 2000-2012; analyzes the behavior of midsize businesses in the country, according to, its capital structure in a study horizon of 12 years. A decisive factor for the growth of the MESE, is the way how they are funded. In general, the tendency is to apply to loans in the financial system, that during this period, has been susceptible to constant changes by regulators in the country, changes that significantly affected their growth. Also, we can observe the behavior of the MESE, according to the evolution of different financial indicators and financial tools that they use for making decisions about capital structure. Companies that have been studied are in different sectors, allowing a wider analysis of the development of medium-sized companies in the domestic market.