Capital structure, stock exchanges in Chile: 2007 to 2016
نویسندگان
چکیده
Purpose The article consists of analyzing the behavior determinants capital structure Chilean companies between 2007 and 2016. objective this study was achieved through a typology research based on bibliographic, documentary, exploratory explanatory, considering annual financial reports from Economática in chosen period. Design/methodology/approach As is with quantitative approach, statistical tools used were descriptive analysis, Pearson correlation, variance inflation factor (VIF) panel regression. Findings results show that (240) have higher costly long-term debt. These high averages current liquidity, return to shareholders, growth sales assets market-to-book (MTB). Long-term debt highlighted an explanatory power 85%. Current liquidity as being significant most indebtedness proposed survey, failing register brands like expensive short-term indebtedness. It noticed flip flops are more prone pecking order theory (POT). gap occupied by linked involving South American countries, especially market, structure. Originality/value future research, it suggested include other types variables related same action for its determinants, addition speed technique adjusting corporate debts.
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ژورنال
عنوان ژورنال: Journal of Economics, Finance and Administrative Science
سال: 2021
ISSN: ['2218-0648', '2077-1886']
DOI: https://doi.org/10.1108/jefas-10-2020-0328