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...

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Bibliographic Details
Main Authors: Erwin Hansen, Juan Pablo Torres
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