Estructura de capital y rentabilidad de las pequeñas y medianas empresas en el sector de manufactura del Ecuador en el año 2016

Abstract

Abstract: The objective of this research work is to analyze the Capital Structure and Profitability of Companies related to the manufacturing sector (sector "C") of Ecuador during the 2016 period. Economic profitability and financial profitability are used as dependent variables; while the independent variables have to do with liquidity, leverage, debt over assets and size of the company. In addition, at the methodological level, a correlation of variables and multiple linear regression is carried out in order to know how the manufacturing companies in the country finance their assets and how this influences profitability. Finally, the results obtained indicate that the economic and financial profitability is directly related to the leverage, deducing that the increase in the total debt reduces the Financial Profitability, being these the variables that maintain associativity with the ROE. While the relationship with the debt over assets and the size of the company was not positive or favorable determining that there is no relationship between financial and economic profitability with respect to the generation of value of the manufacturing economic sector.