Liquidity Risk and Capital Structure of Companies in Latin America

被引：0

作者：

Vasquez Tejos, Francisco Javier ^{[1
]}

Lamothe Fernandez, Prosper ^{[2
]}

Pape Larre, Hernan ^{[3
]}

机构：

[1] Univ Mayor, Business Sci, Santiago, Chile

[2] Univ Autonoma Madrid, Econ Sci, Madrid, Spain

[3] Univ Atacama, Business Sci, Copiapo, Chile

来源：

REVISTA PERSPECTIVA EMPRESARIAL | 2021年 / 8卷 / 02期

关键词：

Liquidity risk; capital structure; free-float; emerging markets; Latin America; CROSS-SECTION; MARKET; EQUITY; IMPACT; FIRMS;

D O I：

10.16967/23898186.713

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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-making about capital structure.

引用

页码：22 / 37

页数：16

共 31 条

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