Liquidity Risk and Capital Structure of Companies in Latin America

Autor:	Francisco Javier Vásquez Tejos, Prosper Lamothe Fernández, Hernan Pape Larre
Přispěvatelé:	UAM. Departamento de Financiación e Investigación Comercial, Finanzas, Mercados y Gobierno Corporativo
Jazyk:	angličtina
Rok vydání:	2021
Předmět:	Latin America Free-float Liquidity risk Emerging markets Capital structure General Medicine Equity Economía
Zdroj:	Biblos-e Archivo. Repositorio Institucional de la UAM instname
Popis:	Objective. To explore the relationship between liquidity risk and the capital structure of Latin American companies. Methodology. With a sample of 135 companies (Brazil, Chile and Mexico), panel data were used to analyze various models that considered, among other variables, six liquidity risk indices, two of which included a new factor: the free-float. The study period covers from 2010 to 2019. Results. The level of indebtedness and capital risk in Latin America companies present a mixed relationship (direct and inverse). Conclusions. Latin American companies have their own characteristics for decision-makingabout capital structure.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::de0fb9b6750fb0966b56291d3d2ef39f https://doi.org/10.16967/23898186.713 Zobrazit plný text záznamu