Estructura de capital y desempeño financiero de las empresas ecuatorianas mejor rankeadas, durante el periodo 2012- 2015

Abstract

The Obtaining resources of companies is based on debt and own capital, the proportion between these factors is known as capital structure, both the risk and the value of the company depend on the combination of these funds. In this context, the present quantitative research has as aim, to analyze the impact of the capital structure of Ecuadorian companies which are better ranked in terms of higher income on their financial performance during the period 2012-2015. It was applied an econometric analysis through simples linear regressions. The financial indicators used to measure business financial performance were: return about assets (ROA) and return about heritage (ROE). The obtained results show that: for the ROE the variables, debt, age and active growth result conclusive of the asset and for the ROA the variables, debt, size and growth of the asset as factors determinants of the capital structure are conclusive, which means that profitability of Ecuadorians signatures better ranked is given until a certain point by the mentioned variables