masterThesis
Factores determinantes en la estructura de capital para el sector de restaurantes en Colombia : un análisis para el período 2016-2019
Fecha
2021Registro en:
332.041 C268
Autor
Cardona Elorza, Daniel
Fontalvo Ardila, Jose Jorge
Institución
Resumen
The following research aims to evaluate the determining factors in the capital structure of the
restaurant sector in Colombia. For this, a panel data analysis is carried out with financial
information from 74 companies in the 2016-2019 period, taken from the database of
Superintendencia Bancaria´s Integrated Company Information System (Sistema integrado de
informacion societaria, SIIS). The results of the study suggest that the pecking order theory
explains the financial structure of this sector; however, for larger companies, there is evidence that
decisions to use external financing are based on the trade-off theory.