Inappropriate Corporate Strategies: Latin American Companies That Increase Their Value by Short-Term Liabilities

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dc.contributor.authorFeregrino, Jorge
dc.contributor.authorEspinosa-Cristia, Juan Felipe
dc.contributor.authorLay, Nelson
dc.contributor.authorLeyton, Luis
dc.date.accessioned2023-03-31T21:14:00Z
dc.date.available2023-03-31T21:14:00Z
dc.date.issued2022-12
dc.descriptionIndexación: Scopus.es
dc.description.abstractThis 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.es
dc.description.urihttps://www.mdpi.com/2227-7072/10/4/100
dc.identifier.citationInternational Journal of Financial Studies, Volume 10, Issue 4December 2022 Article number 100es
dc.identifier.doi10.3390/su142416368
dc.identifier.issn2227-7072
dc.identifier.urihttps://repositorio.unab.cl/xmlui/handle/ria/48104
dc.language.isoenes
dc.publisherMDPIes
dc.rights.licenseAtribución 4.0 Internacional (CC BY 4.0)
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/deed.es
dc.subjectFinancial criseses
dc.subjectFinancing policy and company valuees
dc.subjectFluctuations and economic cycleses
dc.subjectIllegal conductes
dc.titleInappropriate Corporate Strategies: Latin American Companies That Increase Their Value by Short-Term Liabilitieses
dc.typeArtículoes
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