Aplicación del Modelo de Jerarquía en las Empresas Chilenas

Authors

  • Mauricio Gutiérrez Urzúa Universidad del Bío-Bío
  • José Pablo Encina Universidad de Concepción

DOI:

https://doi.org/10.22370/rpe.2017.4.1229

Keywords:

Financiamiento, empresas, modelo jerarquía, Peckinr order model in Chilean Companies

Abstract

Esta investigación estudia el modelo de jerarquía financiera en las empresas chilenas durante el año 2014, con el objetivo de verificar o descartar su cumplimiento. Dicha teoría explica que las empresas siguen prioridades al momento de decidir sus fuentes de financiamiento. Utilizando el modelo propuesto por Shyam-Sunder & Myers (1999) y el modelo de variables convencionales propuesto por Rajan & Zingales (1995) se analiza una muestra de 61 empresas chilenas listadas en bolsa. Los resultados al aplicar una regresión por mínimos cuadrados ordinarios indican que existe suficiente evidencia para confirmar dicho modelo, sin embargo, el poder explicativo es bastante menor al esperado.

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Published

2018-09-12

How to Cite

Gutiérrez Urzúa, M., & Encina, J. P. (2018). Aplicación del Modelo de Jerarquía en las Empresas Chilenas. Economic Profiles, (4). https://doi.org/10.22370/rpe.2017.4.1229

Issue

Perfiles Económicos n. 4 dic. 2017

Section

Sección Artículos

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