Business financing in Colombia: The debt and equity mix
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| Format: | Artículo científico |
| Language: | en |
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Consejo Latinoamericano de Escuelas de Administración
2012
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| _version_ | 1876431500645236736 |
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| author | Julián Benavides |
| author_facet | Julián Benavides |
| contents | Business financing in Colombia: The debt and equity mix Julián Benavides Luis Berggrun Administración y Contabilidad financing cash flow investment Capital structure This article studies the financing decisions of a set of Colombian companies between 1995 and 2009 in response to their investment requirements and their operational cash flow. We structured a SUR (Seemingly Unrelated Regressions) equation system based on the cash flow of these companies. Our results suggest that the shareholders' new equity contribution is virtually non-existent; instead, Colombian companies build up cash and use it as their primary source of financing for fixed assets and working capital. 2012 artículo científico 1012-8255 https://www.redalyc.org/articulo.oa?id=71623399003 en http://www.redalyc.org/revista.oa?id=716 Academia. Revista Latinoamericana de Administración application/pdf Consejo Latinoamericano de Escuelas de Administración Academia. Revista Latinoamericana de Administración (Perú) Num.49 |
| format | Artículo científico |
| id | redalyc_71623399003 |
| institution | Redalyc |
| language | en |
| publishDate | 2012 |
| publisher | Consejo Latinoamericano de Escuelas de Administración |
| spellingShingle | Business financing in Colombia: The debt and equity mix Julián Benavides Administración y Contabilidad financing cash flow investment Capital structure Business financing in Colombia: The debt and equity mix Julián Benavides Luis Berggrun Administración y Contabilidad financing cash flow investment Capital structure This article studies the financing decisions of a set of Colombian companies between 1995 and 2009 in response to their investment requirements and their operational cash flow. We structured a SUR (Seemingly Unrelated Regressions) equation system based on the cash flow of these companies. Our results suggest that the shareholders' new equity contribution is virtually non-existent; instead, Colombian companies build up cash and use it as their primary source of financing for fixed assets and working capital. 2012 artículo científico 1012-8255 https://www.redalyc.org/articulo.oa?id=71623399003 en http://www.redalyc.org/revista.oa?id=716 Academia. Revista Latinoamericana de Administración application/pdf Consejo Latinoamericano de Escuelas de Administración Academia. Revista Latinoamericana de Administración (Perú) Num.49 |
| title | Business financing in Colombia: The debt and equity mix |
| topic | Administración y Contabilidad financing cash flow investment Capital structure |
| url | https://www.redalyc.org/articulo.oa?id=71623399003 |