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- Title
Liquidity Risk and Capital Structure of Companies in Latin America.
- Authors
VÁSQUEZ TEJOS, FRANCISCO JAVIER; LAMOTHE FERNÁNDEZ, PROSPER; PAPE LARRE, HERNÁN
- Abstract
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.
- Publication
Revista Perspectiva Empresarial, 2021, Vol 8, Issue 2, p20
- ISSN
2389-8186
- Publication type
Academic Journal
- DOI
10.16967/23898186.713