Financial conditions affecting the financial structure of the cosmetics and household product industries in Colombia
Published
Jun 1, 2012
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Abstract
By means of a panel data econometric model prepared with explanatory variables referred in a series of capital structure theories and measured from the 2004-2010 accounting data of the Colombian drugstore, cosmetics and household product companies, the most influential factors of their corresponding financial structures were identified. Despite the fact that said factors were observed to vary from one sector to another, profitability and debt cost were consistently found to determine debt levels. The results do not especially favor any particular theory of capital structure.
Keywords
Estructura financiera, nivel de endeudamiento, sector de cosméticos, aseo, datos de panelFinancial structure, debt level, Sector of Cosmetics and Cleaning, Panel DataEstrutura financeira, nível de endividamento, Setor de cosméticos e higiene pessoal, dados em painel
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How to Cite
Virgen Ortiz, V., & Rivera Godoy, J. A. (2012). Financial conditions affecting the financial structure of the cosmetics and household product industries in Colombia. Cuadernos De Administración, 25(44). https://doi.org/10.11144/Javeriana.cao25-44.cfqi
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