La estructura de capital en la empresa : su estudio contemporáneo.

El presente artículo hace una revisión de la literatura contemporánea en el tema de estructura de capital en las empresas, de acuerdo con los resultados de los estudios empíricos y teóricos publicados en algunos de las revistas más relevantes en el área de finanzas a nivel internacional. Asimismo, p...

Full description

Autores:
Mejía Amaya, Andrés Fernando
Tipo de recurso:
Review article
Fecha de publicación:
2013
Institución:
Universidad Católica de Colombia
Repositorio:
RIUCaC - Repositorio U. Católica
Idioma:
spa
OAI Identifier:
oai:repository.ucatolica.edu.co:10983/29268
Acceso en línea:
https://hdl.handle.net/10983/29268
https://doi.org/10.14718/revfinanzpolitecon.v5.n2.2013.446
Palabra clave:
Capital structure
Debt
Funding
Leverage
Estructura de capital
Endeudamiento
Financiamiento
Apalancamiento
Estrutura de capital
Endividamento
Financiamento
Alavancagem
Rights
openAccess
License
Andrés Fernando Mejía Amaya - 2013
id UCATOLICA2_653bce4ee68a5ca800d0290eb0a64966
oai_identifier_str oai:repository.ucatolica.edu.co:10983/29268
network_acronym_str UCATOLICA2
network_name_str RIUCaC - Repositorio U. Católica
repository_id_str
dc.title.spa.fl_str_mv La estructura de capital en la empresa : su estudio contemporáneo.
dc.title.translated.eng.fl_str_mv The capital structure in the company : its contemporary study.
title La estructura de capital en la empresa : su estudio contemporáneo.
spellingShingle La estructura de capital en la empresa : su estudio contemporáneo.
Capital structure
Debt
Funding
Leverage
Estructura de capital
Endeudamiento
Financiamiento
Apalancamiento
Estrutura de capital
Endividamento
Financiamento
Alavancagem
title_short La estructura de capital en la empresa : su estudio contemporáneo.
title_full La estructura de capital en la empresa : su estudio contemporáneo.
title_fullStr La estructura de capital en la empresa : su estudio contemporáneo.
title_full_unstemmed La estructura de capital en la empresa : su estudio contemporáneo.
title_sort La estructura de capital en la empresa : su estudio contemporáneo.
dc.creator.fl_str_mv Mejía Amaya, Andrés Fernando
dc.contributor.author.spa.fl_str_mv Mejía Amaya, Andrés Fernando
dc.subject.eng.fl_str_mv Capital structure
Debt
Funding
Leverage
topic Capital structure
Debt
Funding
Leverage
Estructura de capital
Endeudamiento
Financiamiento
Apalancamiento
Estrutura de capital
Endividamento
Financiamento
Alavancagem
dc.subject.spa.fl_str_mv Estructura de capital
Endeudamiento
Financiamiento
Apalancamiento
Estrutura de capital
Endividamento
Financiamento
Alavancagem
description El presente artículo hace una revisión de la literatura contemporánea en el tema de estructura de capital en las empresas, de acuerdo con los resultados de los estudios empíricos y teóricos publicados en algunos de las revistas más relevantes en el área de finanzas a nivel internacional. Asimismo, presenta las variables que le han sido asociadas más tradicionalmente , las nuevas variables que se han incorporado al estudio, las teorías tradicionales y las que se están consolidando, las características de las empresas, el entorno y los stakeholders, que revisten interés actualmente en la búsqueda de una explicación teórica y empírica a las decisiones de financiamiento.
publishDate 2013
dc.date.accessioned.none.fl_str_mv 2013-07-01 00:00:00
2023-01-23T16:13:20Z
dc.date.available.none.fl_str_mv 2013-07-01 00:00:00
2023-01-23T16:13:20Z
dc.date.issued.none.fl_str_mv 2013-07-01
dc.type.spa.fl_str_mv Artículo de revista
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_dcae04bc
dc.type.coarversion.spa.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.content.spa.fl_str_mv Text
dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/article
dc.type.local.eng.fl_str_mv Journal article
dc.type.redcol.spa.fl_str_mv http://purl.org/redcol/resource_type/ARTREV
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/publishedVersion
format http://purl.org/coar/resource_type/c_dcae04bc
status_str publishedVersion
dc.identifier.doi.none.fl_str_mv 10.14718/revfinanzpolitecon.v5.n2.2013.446
dc.identifier.eissn.none.fl_str_mv 2011-7663
dc.identifier.issn.none.fl_str_mv 2248-6046
dc.identifier.uri.none.fl_str_mv https://hdl.handle.net/10983/29268
dc.identifier.url.none.fl_str_mv https://doi.org/10.14718/revfinanzpolitecon.v5.n2.2013.446
identifier_str_mv 10.14718/revfinanzpolitecon.v5.n2.2013.446
2011-7663
2248-6046
url https://hdl.handle.net/10983/29268
https://doi.org/10.14718/revfinanzpolitecon.v5.n2.2013.446
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.bitstream.none.fl_str_mv https://revfinypolecon.ucatolica.edu.co/article/download/446/446
dc.relation.citationedition.spa.fl_str_mv Núm. 2 , Año 2013
dc.relation.citationendpage.none.fl_str_mv 160
dc.relation.citationissue.spa.fl_str_mv 2
dc.relation.citationstartpage.none.fl_str_mv 141
dc.relation.citationvolume.spa.fl_str_mv 5
dc.relation.ispartofjournal.spa.fl_str_mv Revista Finanzas y Política Económica
dc.relation.references.spa.fl_str_mv An, Z. (2012). Taxation and capital structure: Empirical evidence from a quasi-experiment in China [research article]. Journal of Corporate Finance, 18, 683-689.
Arellano, M., y Bover, O. (1990). La econometría de datos de panel. Investigaciones Económicas (segunda época), 14(1), 3-45.
Bae, K. H., Kang, J. K. y Wang, J. (2011). Employee treatment and firm leverage: A test of the stakeholder theory of capital structure [research article]. Journal of Financial Economics, 100, 130-153.
Baker, M. y Wurgler, J. (2002). Market Timing and Capital Structure. The Journal of Finance, 57(1), 1-32.
Banerjee, S., Dasgupta, S. y Kim, Y. (2008). Buyer-Supplier Relationships and the Stakeholder Theory of Capital Structure [research article]. The Journal of Finance, 63(5), 2507-2552.
Barry, C. B., Mann, S. C., Mihov, V. T. y Rodríguez, M. (2008). Corporate Debt Issuance and the Historial Level of Interest Rates [research article]. Financial Management, 37(3), 413-443.
Berger, A. N. y Udell, G. F. (1998). The economics of small business finance: The roles of private equity and debt markets in the financial growth cicle. Journal of Banking & Finance, 22, 613-673.
Berk, J., Stanton, R. y Zechner, J. (2010). Human capital, Bankruptcy, and Capital Structure [research article]. The Journal of Finance, 65(3), 891-926.
Bhamra, H. S., Kuenh, L.A. y Strebulaev, I. A. (2010). The Aggregate Dynamics of Capital Structure and Macroeconomic Risk [research article]. The Review of Financial Studies, 23(12), 4187-4241.
Bharath, S., Pasquariello, P. y Wu, G. (2009). Does Asymmetric Information Drive Capital Structure Decisions? [research article]. The Review of Financial Studies, 22(8), 3212-3243.
Bolton, P. y Scharfstein, D. S. (1996). A theory of predation based on agency problems in financial contracting. The American Economic Review, 80(1), 93-106.
Boot, A. W. A. y Thakor, A. V. (2011). Managerial Autonomy, Allocation of Control Rights, and Optimal Capital Structure [research article]. The Review of Financial Studies, 24(10), 3434-3485.
Bradley, M., Jarrell, G. A. y Kim, E. H. (1984). On the existence of an Optimal Capital Structure Theory and Evidence. The Journal of Finance, 39(3), 857-879.
Brav, O. (2009). Access to Capital, Capital Structure, and the Funding of the Firm. [research article]. The Journal of Finance, 64(1), 263-308.
Byoun, S. (2008). How and When Do Firms Adjust Their Capital Structures toward Targets? [research article]. The Journal of Finance, 63(6), 3069-3096.
Céspedes, J., González, M. y Molina, C. (2010). Ownership and capital structure in Latin America [research article]. Journal of Business Research, 63, 248-254.
Chen, H. (2010). Macroeconomic Conditions and the Puzzles of Credit Spreads and Capital Structure [research article]. The Journal of Finance, 55(6), 2171-2212.
Dang, V. A., Kim, M. y Shin, Y. (2012). Asymmetric capital structure adjustments: New evidence from dynamic panel threshold models [investigation]. Journal of Empirical Finance, 10, 405-482.
De Jong, A., Kabir, R. y Nguyen, T. T. (2008). Capital structure around the world: The roles of firm ?and country? specific determinants. Journal of Banking & Finance, 32, 1954-1969.
Deloof, M. y Van Overfelt, W. (2008). Were Modern Capital Structure Theories Valid in Belgium Before World War I? [research article]. Journal of Business Finance & Accounting, 35(3y 4), 491-515.
Desai, M., Foley, F. y Hines, J. R. (2008). Capital structure with risky foreign investment [research article]. Journal of Financial Economics, 88, 534-553.
Drobetz, W., Gounopoulos, D., Merikas, A., y Schröder, H. (2013). Capital structure decisions of globally-listed shipping companies [research article]. Transportation Research Part E, 52, 49-76.
Fama, E. F. y French, K. R. (2005). Financial decisions: who issues stock? [research article]. Journal of Financial Economics, 76, 549-582.
Fischer, E. O., Heinkel, R. y Zechner, J. (1989). Dynamic Capital Structure Choice: Theory and Tests [research article]. The Journal of Finance, 44(1), 19-40.
Frank, M. y Goyal, V. (2008). Trade-off and Pecking Order Theories of Debt. In B. E. Eckbo (ed.), Handbook of Corporate Finance: Empirical Corporate Finance (pp. 1-85). Amsterdam: Elsevier/North-Holland.
Frank, M. y Goyal, V. (2009). Capital Structure Decisions: Which Factors Are Reliable Important? Financial Management, 1-37.
Ibrahimo, M. V. y Barros, C. P. (2009). Relevance or irrelevance of capital structure? Economic Modelling, 26, 473-479.
Jensen, M. C. y Meckling, W. H. (1976). Theory of the Firm Managerial Behavior, Agency Costs and Ownership Structures. Journal of Financial Economics, 3(4), 305-360.
Kolasinski, A. (2009). Subsidiary debt, capital structure and internal capital markets [research article]. Journal of Financial Economics, 94, 327-343.
Landier, A., Nair, V. B. y Wulf, J. (2009). Trade-offs in Staying Close: Corporate Decision Making and Geographic Dispersion [research article]. Review of Financial Studies, 22(3), 1119-1148.
Leary, M. (2009). Bank Loan Supply, Lender Choice, and Corporate Capital Structure [research article]. The Journal of Finance, 64(3), 1143-1185.
Lemmon, M., Roberts, M. y Zender, J. (2008). Back to the Beginning: Persistence and the Cross-Section of Corporate Capital Structure [research article]. The Journal of Finance, 63(4),1575-1608.
Margaritis, D. y Psillaki, M. (2010). Capital structure, equity ownership and firm performance [investigación]. Journal of Banking & Finance, 34, 621-632.
Mascareñas, J. (2008). La estructura de capital óptima. Madrid: Universidad Complutense de Madrid.
Matsa, D. (2010). Capital Structure as a Strategic Variable: Evidence from Collective Bargaining [research article]. The Journal of Finance, 65(3), 1197-1232.
McMillan, D. y Camara, O. (2012). Dynamic capital structure adjustment: US MNCs & DCs. [research article]. Journal of Multinational Financial Management, 22, 278-301.
Miller, M. H. y Modigliani, F. (1958). The Cost of Capital, Corporation Finance and the Theory of Investment. The American Economic Review, 48(3), 261-297.
Miller, M. H. y Modigliani, F. (1963). Corporate Income Taxes and the Cost of Capital: A correction. The American Economic Review, 53(3), 433-443.
Morellec, E., Nikolov, B. y Schürhoff, N. (2012). Corporate Governance and Capital Structure Dynamics [research article]. The Journal of Finance, 67(3), 803-848.
Myers, S. C. (1977). Determinants of corporate borrowing. Journal of Financial Economics, 5(2), 147-175.
Myers, S. C. (1984). The Capital Structure Puzzle. The Journal of Finance, 39(3), 575-592.
Myers, S. C. y Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13, 187-221.
Ovtchinnikov, A. (2010). Capital structure decisions: Evidence from deregulated industries [research article]. Journal of Financial Economics, 95, 249-274.
íztekin, í. y Flannery, M. (2012). Institutional determinants of capital structure adjustment speeds. Journal of Financial Economics, 103, 88-112.
Paligorova, T. y Xu, Z. (2012). Complex ownership and capital structure [research article]. Journal of Corporate Finance, 18, 701-716.
Qian, Y., Tian, Y. y Wirjanto, T. (2009). Do Chinese publicly listed companies adjust their capital structure toward a target level? [research article]. China Economic Review, 20, 662-676.
Ramírez, A. y Kwok, C. C. Y. (2010). Settling the debate on multinational capital structure using the CEPR measure. Journal of Multinational Financial Management, 20, 251-271.
Rampini, A. y Viswanathan, S. (2013). Collateral and capital structure. Journal of Financial Economics. Recuperado de http://dx.doi.org/10.1016/j.jfineco.2013.03.002
Rauh, J. D. y Sufi, A. (2010). Capital Structure and Debt Structure [research article]. The Review of Financial Studies, 23(12), 4242-4280.
Rivera, J. (2002). Teoría sobre la estructura de capital. Estudios Gerenciales, 31-59.
Roberts, M. y Sufi, A. (2009). Control Rights and Capital Structure: An Empirical Investigation [research article]. The Journal of Finance, 64(4), 1657-1695.
Shyam-Sunder, L. y Myers, S. (1998). Testing static tradeoff against pecking order models of capital structure. Journal of Financial Economics, 51, 219-244.
Uysal, V. B. (2011). Deviation from the target capital structure and acquisition choices [research article]. Journal of Financial Economics, 102, 602-620.
Wu, L. y Yue, H. (2009). Corporate tax, capital structure and the accesibility of bank loans: Evidence from China. Journal of Banking & Finance, 33, 30-38.
Zhang, Z. (2012). Strategic interaction of capital structures: A spatial econometric approach [research article]. Pacific-Basin Finance Journal, 20, 707-722.
dc.rights.spa.fl_str_mv Andrés Fernando Mejía Amaya - 2013
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.coar.spa.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.uri.spa.fl_str_mv https://creativecommons.org/licenses/by-nc-sa/4.0/
rights_invalid_str_mv Andrés Fernando Mejía Amaya - 2013
http://purl.org/coar/access_right/c_abf2
https://creativecommons.org/licenses/by-nc-sa/4.0/
eu_rights_str_mv openAccess
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Universidad Católica de Colombia
dc.source.spa.fl_str_mv https://revfinypolecon.ucatolica.edu.co/article/view/446
institution Universidad Católica de Colombia
bitstream.url.fl_str_mv https://repository.ucatolica.edu.co/bitstreams/161faebf-e36a-4029-8a5b-9a3d8d0adfc3/download
bitstream.checksum.fl_str_mv 6a0609f09a89e531e8c7d99a790d5dee
bitstream.checksumAlgorithm.fl_str_mv MD5
repository.name.fl_str_mv Repositorio Institucional Universidad Católica de Colombia - RIUCaC
repository.mail.fl_str_mv bdigital@metabiblioteca.com
_version_ 1808402541498597376
spelling Mejía Amaya, Andrés Fernandofbd33785-6ec4-4009-8904-07cb80672c1a3002013-07-01 00:00:002023-01-23T16:13:20Z2013-07-01 00:00:002023-01-23T16:13:20Z2013-07-01El presente artículo hace una revisión de la literatura contemporánea en el tema de estructura de capital en las empresas, de acuerdo con los resultados de los estudios empíricos y teóricos publicados en algunos de las revistas más relevantes en el área de finanzas a nivel internacional. Asimismo, presenta las variables que le han sido asociadas más tradicionalmente , las nuevas variables que se han incorporado al estudio, las teorías tradicionales y las que se están consolidando, las características de las empresas, el entorno y los stakeholders, que revisten interés actualmente en la búsqueda de una explicación teórica y empírica a las decisiones de financiamiento.This article reviews the contemporary literature on the topic of capital structure in companies, according to the results of empirical and theoretical studies published in some of the most important journals in the field of finance around the world. Presents the variables that are more traditionally associated as determinants, new variables have entered the study, traditional theories and being consolidated, the characteristics of businesses, the environment and stakeholders, which are of current interest in the search of a theoretical and empirical explanation for funding decisions.application/pdf10.14718/revfinanzpolitecon.v5.n2.2013.4462011-76632248-6046https://hdl.handle.net/10983/29268https://doi.org/10.14718/revfinanzpolitecon.v5.n2.2013.446spaUniversidad Católica de Colombiahttps://revfinypolecon.ucatolica.edu.co/article/download/446/446Núm. 2 , Año 201316021415Revista Finanzas y Política EconómicaAn, Z. (2012). Taxation and capital structure: Empirical evidence from a quasi-experiment in China [research article]. Journal of Corporate Finance, 18, 683-689.Arellano, M., y Bover, O. (1990). La econometría de datos de panel. Investigaciones Económicas (segunda época), 14(1), 3-45.Bae, K. H., Kang, J. K. y Wang, J. (2011). Employee treatment and firm leverage: A test of the stakeholder theory of capital structure [research article]. Journal of Financial Economics, 100, 130-153.Baker, M. y Wurgler, J. (2002). Market Timing and Capital Structure. The Journal of Finance, 57(1), 1-32.Banerjee, S., Dasgupta, S. y Kim, Y. (2008). Buyer-Supplier Relationships and the Stakeholder Theory of Capital Structure [research article]. The Journal of Finance, 63(5), 2507-2552.Barry, C. B., Mann, S. C., Mihov, V. T. y Rodríguez, M. (2008). Corporate Debt Issuance and the Historial Level of Interest Rates [research article]. Financial Management, 37(3), 413-443.Berger, A. N. y Udell, G. F. (1998). The economics of small business finance: The roles of private equity and debt markets in the financial growth cicle. Journal of Banking & Finance, 22, 613-673.Berk, J., Stanton, R. y Zechner, J. (2010). Human capital, Bankruptcy, and Capital Structure [research article]. The Journal of Finance, 65(3), 891-926.Bhamra, H. S., Kuenh, L.A. y Strebulaev, I. A. (2010). The Aggregate Dynamics of Capital Structure and Macroeconomic Risk [research article]. The Review of Financial Studies, 23(12), 4187-4241.Bharath, S., Pasquariello, P. y Wu, G. (2009). Does Asymmetric Information Drive Capital Structure Decisions? [research article]. The Review of Financial Studies, 22(8), 3212-3243.Bolton, P. y Scharfstein, D. S. (1996). A theory of predation based on agency problems in financial contracting. The American Economic Review, 80(1), 93-106.Boot, A. W. A. y Thakor, A. V. (2011). Managerial Autonomy, Allocation of Control Rights, and Optimal Capital Structure [research article]. The Review of Financial Studies, 24(10), 3434-3485.Bradley, M., Jarrell, G. A. y Kim, E. H. (1984). On the existence of an Optimal Capital Structure Theory and Evidence. The Journal of Finance, 39(3), 857-879.Brav, O. (2009). Access to Capital, Capital Structure, and the Funding of the Firm. [research article]. The Journal of Finance, 64(1), 263-308.Byoun, S. (2008). How and When Do Firms Adjust Their Capital Structures toward Targets? [research article]. The Journal of Finance, 63(6), 3069-3096.Céspedes, J., González, M. y Molina, C. (2010). Ownership and capital structure in Latin America [research article]. Journal of Business Research, 63, 248-254.Chen, H. (2010). Macroeconomic Conditions and the Puzzles of Credit Spreads and Capital Structure [research article]. The Journal of Finance, 55(6), 2171-2212.Dang, V. A., Kim, M. y Shin, Y. (2012). Asymmetric capital structure adjustments: New evidence from dynamic panel threshold models [investigation]. Journal of Empirical Finance, 10, 405-482.De Jong, A., Kabir, R. y Nguyen, T. T. (2008). Capital structure around the world: The roles of firm ?and country? specific determinants. Journal of Banking & Finance, 32, 1954-1969.Deloof, M. y Van Overfelt, W. (2008). Were Modern Capital Structure Theories Valid in Belgium Before World War I? [research article]. Journal of Business Finance & Accounting, 35(3y 4), 491-515.Desai, M., Foley, F. y Hines, J. R. (2008). Capital structure with risky foreign investment [research article]. Journal of Financial Economics, 88, 534-553.Drobetz, W., Gounopoulos, D., Merikas, A., y Schröder, H. (2013). Capital structure decisions of globally-listed shipping companies [research article]. Transportation Research Part E, 52, 49-76.Fama, E. F. y French, K. R. (2005). Financial decisions: who issues stock? [research article]. Journal of Financial Economics, 76, 549-582.Fischer, E. O., Heinkel, R. y Zechner, J. (1989). Dynamic Capital Structure Choice: Theory and Tests [research article]. The Journal of Finance, 44(1), 19-40.Frank, M. y Goyal, V. (2008). Trade-off and Pecking Order Theories of Debt. In B. E. Eckbo (ed.), Handbook of Corporate Finance: Empirical Corporate Finance (pp. 1-85). Amsterdam: Elsevier/North-Holland.Frank, M. y Goyal, V. (2009). Capital Structure Decisions: Which Factors Are Reliable Important? Financial Management, 1-37.Ibrahimo, M. V. y Barros, C. P. (2009). Relevance or irrelevance of capital structure? Economic Modelling, 26, 473-479.Jensen, M. C. y Meckling, W. H. (1976). Theory of the Firm Managerial Behavior, Agency Costs and Ownership Structures. Journal of Financial Economics, 3(4), 305-360.Kolasinski, A. (2009). Subsidiary debt, capital structure and internal capital markets [research article]. Journal of Financial Economics, 94, 327-343.Landier, A., Nair, V. B. y Wulf, J. (2009). Trade-offs in Staying Close: Corporate Decision Making and Geographic Dispersion [research article]. Review of Financial Studies, 22(3), 1119-1148.Leary, M. (2009). Bank Loan Supply, Lender Choice, and Corporate Capital Structure [research article]. The Journal of Finance, 64(3), 1143-1185.Lemmon, M., Roberts, M. y Zender, J. (2008). Back to the Beginning: Persistence and the Cross-Section of Corporate Capital Structure [research article]. The Journal of Finance, 63(4),1575-1608.Margaritis, D. y Psillaki, M. (2010). Capital structure, equity ownership and firm performance [investigación]. Journal of Banking & Finance, 34, 621-632.Mascareñas, J. (2008). La estructura de capital óptima. Madrid: Universidad Complutense de Madrid.Matsa, D. (2010). Capital Structure as a Strategic Variable: Evidence from Collective Bargaining [research article]. The Journal of Finance, 65(3), 1197-1232.McMillan, D. y Camara, O. (2012). Dynamic capital structure adjustment: US MNCs & DCs. [research article]. Journal of Multinational Financial Management, 22, 278-301.Miller, M. H. y Modigliani, F. (1958). The Cost of Capital, Corporation Finance and the Theory of Investment. The American Economic Review, 48(3), 261-297.Miller, M. H. y Modigliani, F. (1963). Corporate Income Taxes and the Cost of Capital: A correction. The American Economic Review, 53(3), 433-443.Morellec, E., Nikolov, B. y Schürhoff, N. (2012). Corporate Governance and Capital Structure Dynamics [research article]. The Journal of Finance, 67(3), 803-848.Myers, S. C. (1977). Determinants of corporate borrowing. Journal of Financial Economics, 5(2), 147-175.Myers, S. C. (1984). The Capital Structure Puzzle. The Journal of Finance, 39(3), 575-592.Myers, S. C. y Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13, 187-221.Ovtchinnikov, A. (2010). Capital structure decisions: Evidence from deregulated industries [research article]. Journal of Financial Economics, 95, 249-274.íztekin, í. y Flannery, M. (2012). Institutional determinants of capital structure adjustment speeds. Journal of Financial Economics, 103, 88-112.Paligorova, T. y Xu, Z. (2012). Complex ownership and capital structure [research article]. Journal of Corporate Finance, 18, 701-716.Qian, Y., Tian, Y. y Wirjanto, T. (2009). Do Chinese publicly listed companies adjust their capital structure toward a target level? [research article]. China Economic Review, 20, 662-676.Ramírez, A. y Kwok, C. C. Y. (2010). Settling the debate on multinational capital structure using the CEPR measure. Journal of Multinational Financial Management, 20, 251-271.Rampini, A. y Viswanathan, S. (2013). Collateral and capital structure. Journal of Financial Economics. Recuperado de http://dx.doi.org/10.1016/j.jfineco.2013.03.002Rauh, J. D. y Sufi, A. (2010). Capital Structure and Debt Structure [research article]. The Review of Financial Studies, 23(12), 4242-4280.Rivera, J. (2002). Teoría sobre la estructura de capital. Estudios Gerenciales, 31-59.Roberts, M. y Sufi, A. (2009). Control Rights and Capital Structure: An Empirical Investigation [research article]. The Journal of Finance, 64(4), 1657-1695.Shyam-Sunder, L. y Myers, S. (1998). Testing static tradeoff against pecking order models of capital structure. Journal of Financial Economics, 51, 219-244.Uysal, V. B. (2011). Deviation from the target capital structure and acquisition choices [research article]. Journal of Financial Economics, 102, 602-620.Wu, L. y Yue, H. (2009). Corporate tax, capital structure and the accesibility of bank loans: Evidence from China. Journal of Banking & Finance, 33, 30-38.Zhang, Z. (2012). Strategic interaction of capital structures: A spatial econometric approach [research article]. Pacific-Basin Finance Journal, 20, 707-722.Andrés Fernando Mejía Amaya - 2013info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2https://creativecommons.org/licenses/by-nc-sa/4.0/https://revfinypolecon.ucatolica.edu.co/article/view/446Capital structureDebtFundingLeverageEstructura de capitalEndeudamientoFinanciamientoApalancamientoEstrutura de capitalEndividamentoFinanciamentoAlavancagemLa estructura de capital en la empresa : su estudio contemporáneo.The capital structure in the company : its contemporary study.Artículo de revistahttp://purl.org/coar/resource_type/c_dcae04bchttp://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Textinfo:eu-repo/semantics/articleJournal articlehttp://purl.org/redcol/resource_type/ARTREVinfo:eu-repo/semantics/publishedVersionPublicationOREORE.xmltext/xml2513https://repository.ucatolica.edu.co/bitstreams/161faebf-e36a-4029-8a5b-9a3d8d0adfc3/download6a0609f09a89e531e8c7d99a790d5deeMD5110983/29268oai:repository.ucatolica.edu.co:10983/292682023-03-24 15:54:40.286https://creativecommons.org/licenses/by-nc-sa/4.0/Andrés Fernando Mejía Amaya - 2013https://repository.ucatolica.edu.coRepositorio Institucional Universidad Católica de Colombia - RIUCaCbdigital@metabiblioteca.com