TEORÍA SOBRE LA ESTRUCTURA DE CAPITAL (Article published in Spanish)

Authors

  • Jorge Alberto Rivera Godoy Doctor en Ciencias Económicas y Empresariales (Sobresaliente "Cum Laude"), Universidad Autónoma de Madrid, España. Especialista en Finanzas, Universidad del Valle. Contador Público, Universidad Santiago de Cali. Profesor Asociado de tiempo completo de la Facultad de Ciencias de la Administración de la Universidad del Valle. Ex director del programa de Contaduría Pública de la Universidad del Valle y actual Director del programa de Especialización en Finanzas de la Universidad del Valle

Keywords:

Capital structure, capital cost, leverage, firm valuation

Abstract

This paper shows the most widespread and accepted capital structure theories in the finance world form the fifties until today. In a chronological order, it identifies the best known research work and its authors, the factors analized, the hypothesis, the scenarios and the economic theories supporting them. It also presents the most controversial aspects. The thesis are compared, and the relationship between leverage, capital cost and firm valuation is analized. This paper provides an overview of the "state of art" capital structure in corporations today.

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Published

2002-09-30

Issue

Section

Research articles

How to Cite

TEORÍA SOBRE LA ESTRUCTURA DE CAPITAL (Article published in Spanish). (2002). Estudios Gerenciales, (84), 31-60. https://www2.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/93