Estructura de capital de las pymes ecuatorianas: Variación de la rentabilidad en función de las fuentes de financiamiento, caso de las Medianas Empresas Societarias del Ecuador (MESE), periodo 2000 a 2013. Clasificación CIIU: G4620 – venta al por mayor de materias primas agropecuarias y animales vivos

Abstract

SMEs do not currently have the tools to make an adequate analysis of their financial structure, which has an impact on their profitability. The analysis focused on the first part to define the importance of small and medium enterprises within the Ecuadorian economy, as well as to analyze the financing alternatives offered by private or public institutions in the country. The analysis of the MESE financial indicators at the national level show that the results generated from the research have a direct relationship between the different levels of debt and the profitability generated both by assets and the investments of the assets, which Are the basis of the objectives of the present study. The important thing of the present work is to indicate which are the practices that are currently being applied in small and medium enterprises, and who apply them, how they are carried out, to help define recommendations to improve the financial situation of the study companies