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. Casos de la clasificación CIIU; C2220.91 – Fabricación de artículos de plástico para el envasado de productos

Abstract

The main objective of the degree work is to analyze and to know the variation of the profitability according to its sources of financing for the companies in its uniform international industrial classification (ISIC); C2220.91 - Manufacture of plastic articles for the packaging of products. In the present thesis project, a complete study of the MESE has been elaborated, going through its ISIC classification until its formation, so it is possible to know that the financing of SMEs mostly obtain it from internal sources such as the reinvestment of Profits, contributions of partners, etc. As well as accessing sources of external financing the same as those obtained from private banks. In order to achieve the objective, it was necessary to apply and analyze each and every one of the financial indicators of profitability and solvency which are useful for decision making on capital structure.