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), con clasificación CIIU G4630: Venta al por menor de alimentos, bebidas y tabaco. Período 2000 a 2012

Abstract

This work entitled: Capital structure of Ecuadorian SMEs: Variation of `profitability depending on the sources of funding for medium-sized corporate companies Ecuador MESE, with ISIC CIIU 4630: Retail sale of food, beverages and snuff period 2000-2012, is related to the capital structure of Ecuadorian SMEs and the variation in profitability according to the sources of financing; in order to analyze and publicize the role played by the financial market and its impact on SMEs for which the financial tools that entrepreneurs use to make decisions about capital structure identified. Knowledge of the capital structure of small and medium enterprises are important for employers and society in general; it provides information about the solvency and profitability of companies as well as financing sources most used; by applying achieving financial indicators 2000-2012 period issue conclusions and recommendations for proper decision making administrators and shareholders. The scientific methodology regarding the capital structure of the Mese and the use of inductive and deductive methods through observation, recording, analysis, allowed the sources of financing most commonly used; solvency and profitability of companies CIUU G4630 by applying surveys. The implementation of the research was conducted based on the requirements of form and substance required by the Technical University of Loja; managing to meet the objectives that allowed to know the factors that influence the capital structure and yields MESE in Ecuador