Inappropriate Corporate Strategies: Latin American Companies That Increase Their Value by Short-Term Liabilities
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Archivos
Fecha
2022-12
Profesor/a Guía
Facultad/escuela
Idioma
en
Título de la revista
ISSN de la revista
Título del volumen
Editor
MDPI
Nombre de Curso
Licencia CC
Atribución 4.0 Internacional (CC BY 4.0)
Licencia CC
https://creativecommons.org/licenses/by/4.0/deed.es
Resumen
This study seeks to understand the financing strategy used by companies listed on the Mexican Stock Exchange (BVM), the São Paulo Stock Exchange (VVSP), and the Santiago Stock Exchange (BCS). To this end, the data observed in the Economática database for a sample of 29 companies were considered. Then, through a long panel data model, the study concludes that in the organizations reviewed, there is a degree of association between the variables “short-term liabilities” and “share price”, as the former increases by 1%, and the value of the shares increases by 0.09% in the subsequent period. This confirms a procyclical financial leverage. © 2022 by the authors.
Notas
Indexación: Scopus.
Palabras clave
Financial crises, Financing policy and company value, Fluctuations and economic cycles, Illegal conduct
Citación
International Journal of Financial Studies, Volume 10, Issue 4December 2022 Article number 100
DOI
10.3390/su142416368