Relación entre estructura de capital y retorno de acciones: evidencia de mercados latinoamericanos y EE.UU.
This paper tests whether financial leverage fluctuates in a way which is consistent with the existence of a target leverage or, on the contrary, it freely fluctuates with the observed changes on stock returns. Using a sample of non-financial publicly-traded firms of 5 Latin-American countries and th...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universidad de Chile
2009-02-01
|
| Series: | Estudios de Administración |
| Online Access: | https://estudiosdeadministracion.uchile.cl/index.php/EDA/article/view/56403 |