Capital structure in medium-sized companies in Department of Boyacá, Colombia
The study of capital structure is one of the financial topics of greatest impact, since among the theories that attempt to explain it,has not yet reached a consensus on the determinants and the behavior of funding decisions in companies. Research on the behavior of capital structure in small and med...
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| Format: | Online |
| Language: | spa eng |
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Universidad Pedagógica y Tecnológica de Colombia
2015
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/3543 |
| _version_ | 1801705951335546880 |
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| author | Mejía Amaya, Andrés Fernando |
| author_facet | Mejía Amaya, Andrés Fernando |
| author_sort | Mejía Amaya, Andrés Fernando |
| collection | OJS |
| description | The study of capital structure is one of the financial topics of greatest impact, since among the theories that attempt to explain it,has not yet reached a consensus on the determinants and the behavior of funding decisions in companies. Research on the behavior of capital structure in small and medium size companies, is even more complex issue, since traditional models are mainly applicable to trade on the capital markets or in public interest companies.For this work midsize companies were selected, in the Department of Boyacá in Colombia as study population, applying a model that has been used in similar cases in other countries, in the study has empirically demonstrated preference for equity financing rather than debt, which in turn was preferred by companies with greater volatility in profitability and fastest growing. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-3543 |
| institution | Revista Apuntes del Cenes |
| language | spa eng |
| publishDate | 2015 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-35432022-06-17T21:34:04Z Capital structure in medium-sized companies in Department of Boyacá, Colombia La estructura de capital en las medianas empresas del departamento de Boyacá-Colombia Mejía Amaya, Andrés Fernando Capital structure medium sized companies funding. Estructura de capital medianas empresas financiamient The study of capital structure is one of the financial topics of greatest impact, since among the theories that attempt to explain it,has not yet reached a consensus on the determinants and the behavior of funding decisions in companies. Research on the behavior of capital structure in small and medium size companies, is even more complex issue, since traditional models are mainly applicable to trade on the capital markets or in public interest companies.For this work midsize companies were selected, in the Department of Boyacá in Colombia as study population, applying a model that has been used in similar cases in other countries, in the study has empirically demonstrated preference for equity financing rather than debt, which in turn was preferred by companies with greater volatility in profitability and fastest growing. El estudio de la estructura de capital es uno de los tópicos financieros de mayor impacto, puesto que entre las teorías que intentan explicarla todavía no se ha llegado a un consenso sobre las determinantes y el comportamiento de las decisiones de financiamiento en las empresas. La investigación sobre el comportamiento de la estructura de capital en las empresas de tamaño medio y pequeño es un asunto aún más complejo, pues los modelos tradicionales son aplicables principalmente a empresas que se cotizan en los mercados de capitales o son de interés público. Para este trabajo se seleccionaron las medianas empresas en el departamento de Boyacá en Colombia como población por estudiar, aplicando un modelo que se ha utilizado en casos similares en otros países, se demostró empíricamente la preferencia por la financiación con recursos propios antes que con deuda, la cual, a su vez, se prefirió por las empresas con mayor volatilidad en su rentabilidad y por las de mayor crecimiento. Universidad Pedagógica y Tecnológica de Colombia 2015-05-07 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf application/pdf https://revistas.uptc.edu.co/index.php/cenes/article/view/3543 10.19053/22565779.3543 Apuntes del Cenes; Vol. 34 No. 59 (2015); 185-206 Apuntes del Cenes; Vol. 34 Núm. 59 (2015); 185-206 2256-5779 0120-3053 spa eng https://revistas.uptc.edu.co/index.php/cenes/article/view/3543/3145 https://revistas.uptc.edu.co/index.php/cenes/article/view/3543/4641 Copyright (c) 2015 Andrés Fernando Mejía Amaya http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Capital structure medium sized companies funding. Estructura de capital medianas empresas financiamient Mejía Amaya, Andrés Fernando Capital structure in medium-sized companies in Department of Boyacá, Colombia |
| title | Capital structure in medium-sized companies in Department of Boyacá, Colombia |
| title_alt | La estructura de capital en las medianas empresas del departamento de Boyacá-Colombia |
| title_full | Capital structure in medium-sized companies in Department of Boyacá, Colombia |
| title_fullStr | Capital structure in medium-sized companies in Department of Boyacá, Colombia |
| title_full_unstemmed | Capital structure in medium-sized companies in Department of Boyacá, Colombia |
| title_short | Capital structure in medium-sized companies in Department of Boyacá, Colombia |
| title_sort | capital structure in medium sized companies in department of boyaca colombia |
| topic | Capital structure medium sized companies funding. Estructura de capital medianas empresas financiamient |
| topic_facet | Capital structure medium sized companies funding. Estructura de capital medianas empresas financiamient |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/3543 |
| work_keys_str_mv | AT mejiaamayaandresfernando capitalstructureinmediumsizedcompaniesindepartmentofboyacacolombia AT mejiaamayaandresfernando laestructuradecapitalenlasmedianasempresasdeldepartamentodeboyacacolombia |
