Análisis de la estructura de capital y variación de la rentabilidad de las pequeñas y medianas empresas ecuatorianas, periodo 2000 a 2012. Clasificación CIIU A012 - Cultivo de plantas perennes

Abstract

This research justifies its importance and functional practice at the local, regional and national levels since the results contribute to the development of SMEs. The main objective is based on whether the capital structure affects the profitability of Ecuadorian MESE to this methodology in the application of quantitative and qualitative method was established, identifying relevant information from public bodies and the implementation of a survey financial managers of five companies of growing perennials Ecuador sector. Among the main findings is that in the period of analysis in Ecuador the MESE have resorted to borrowing where more than half have chosen (60%) by sources of funding, however a small percentage have turned to sources of external financing ( 40%). Furthermore, when analyzing the capital structure of the MESE in Ecuador identified that its solvency and profitability have been positively correlated from 2000 to 2012, achieving greater profitability in these companies involves greater debt