Capital structure adjustment in Latin American firms: An empirical test based on the Error Correction Model

The objective of this article is to analyze the capital structure adjustment of Latin American firms through the pecking order and trade-off theories using a sample of 975 non-financial firms for the period 2000-2017. The results support the existence of a target capital structure. Adjustment speeds...

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Veröffentlicht in:	Estudios Gerenciales
Hauptverfasser:	Jorge A. Muñoz Mendoza, Carlos L. Delgado Fuentealba, Carmen L. Veloso Ramos, Sandra M. Sepúlveda Yelpo, Edinson E. Cornejo Saavedra, Diego A. Erices Olivera
Format:	Artigo
Sprache:	Inglês
Veröffentlicht:	Universidad ICESI 2023
Schlagworte:	Administración y Contabilidad
Online-Zugang:	https://www.redalyc.org/articulo.oa?id=21282720005 https://www.redalyc.org/journal/212/21282720005/ https://www.redalyc.org/journal/212/21282720005/html/ https://www.redalyc.org/journal/212/21282720005/21282720005.epub https://www.redalyc.org/journal/212/21282720005/movil
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