Arbeitspapier

Decisiones financieras, competencia en el mercado y desempeño de las empresas: Evidencia emprica para Iberoamerica

Economic literature had shown the existence of the interrelationship between the financial decisions of the firms and their competitive decisions; either by convenience or by data availability, most of empiric papers addressed separately the influence of both kinds of decisions over firm performance. With it, this paper through a cross-section model, which uses information of around 3,900 enterprises in 14 Iberoamerican countries, explores jointly the possible effects of both kinds of decisions of the firms (financial and competitive) over their performance. The results suggest the existence of differences in the relationships between variables accordingly the market competition intensity. Also the results suggest that the financial decisions of the firms could be used as an additional tool of the competitive strategy of the firms.

Language
Spanisch

Bibliographic citation
Series: Working Papers ; No. 2013-06

Classification
Wirtschaft
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Firm Objectives, Organization, and Behavior: General
Subject
indebtedness
trade credit
competition
firm performance

Event
Geistige Schöpfung
(who)
Sanchez Valadez, Manuel
Event
Veröffentlichung
(who)
Banco de México
(where)
Ciudad de México
(when)
2013

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Sanchez Valadez, Manuel
  • Banco de México

Time of origin

  • 2013

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