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 2013. CIIU 475: Venta al por menor de otros enseres domésticos en comercios especializados

Abstract

This research explains how Midsize Corporate Enterprises Ecuador (MESE) seek to meet their investment needs and profitability in the enterprise market, the way the MESE manage different sources of funding to remain in the middle that develop, satisfy its shareholders and the market in which they compete. It also explains fairly strong correlation between debt-corporate sector profitability since 2000. Similarly analyzes the behavior of financial managers, their preference towards the use of financial tools such as budgets or balances and academic and empirical formation people in charge of the finances of the company. At a general level the MESE are mainly financing the private financial system and the reinvestment of profits, its main influence lies in the control of lending rates in the financial system. To this has taken a sample of companies from different sectors from 2000 to 2013 to observe their behavior and financial development.