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

Abstract:The present research justifies its importance and functional practice at local, regional and national level so that the results contribute to the development of SMEs. The main objective is based on whether the capital structure affects Ecuadorian SMEs profitability, for reach this the methodology in the application of quantitative and qualitative method was established, identifying relevant information from public institutions and it was proceeded to implement a survey to Financial Managers for five perennial plants cultivation Companies of Ecuador. Among the main findings is that in the period of analysis in the Ecuadorian SMEs have resorted to borrowing where more than half have chosen sources of funding (60%), however a small percentage have resorted to external financing sources (40%). In addition, analyzing the capital structure of the MESE in Ecuador could be identified that its solvency and profitability have been positively correlated from 2000 to 2012. In fact, achieving greater profitability in these companies implies a higher debt.