Estructura del 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), CIIU H4923.01: transporte de carga por carretera. Periodo 2000 a 2012

Abstract

Abstract: The objective of this research was to identify which factors are affecting composition of the capital structure of the MESE, and if funding sources affect decisions when developing the capital structure, and identify what criteria They used when opting for a source of financing, taking into account the use of financial tools when making a decision on financing. By processing of statistical data it showed that both internal and external financing are factors that positively affect the profitability of MESE, Through technical survey preferences between internal and external funding it was identified, and the use that is given to funds, also different factors that influence and limit the decision to use external financing was analyzed. Another objective was to identify the incidence of the use of financial tools for decision making, and if these are considered crucial in generating value for the company.