The impact of metals' prices on the capital structure of mining and metallurgic firms in Latin America (2004-2014)

Roberto J.Santillán Salgado; Alejandro Fonseca Ramírez; Francisco Venegas Martínez

doi:10.1016/j.cya.2016.01.002

The impact of metals' prices on the capital structure of mining and metallurgic firms in Latin America (2004-2014)

Título traducido de la contribución: Impacto de los precios de los metales en la estructura de capital de las empresas minero-metalúrgicas en América Latina (2004-2014)

Roberto J.Santillán Salgado, Alejandro Fonseca Ramírez, Francisco Venegas Martínez

Producción científica: Contribución a una revista › Artículo de revisión › revisión exhaustiva

Resumen

This work examines the short and medium-term effects of the international prices of several mineral (gold, silver copper, zinc) and metallurgic (aluminum, steel) products, on the capital structure of mining and metallurgic firms listed in the stock markets of Argentina, Brazil, Mexico and Peru. The study uses quarterly data for the period 2000-2014. Consistent with the Dynamic Pecking Order theory, the findings confirm that profitability and the price of the products they sell, relate negatively with the firms' financial leverage.

Título traducido de la contribución	Impacto de los precios de los metales en la estructura de capital de las empresas minero-metalúrgicas en América Latina (2004-2014)
Idioma original	Inglés
Número de artículo	01
Publicación	Contaduria y Administracion
Volumen	63
N.º	3
DOI	https://doi.org/10.1016/j.cya.2016.01.002
Estado	Publicada - 2018
Publicado de forma externa	Sí

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abstract = "This work examines the short and medium-term effects of the international prices of several mineral (gold, silver copper, zinc) and metallurgic (aluminum, steel) products, on the capital structure of mining and metallurgic firms listed in the stock markets of Argentina, Brazil, Mexico and Peru. The study uses quarterly data for the period 2000-2014. Consistent with the Dynamic Pecking Order theory, the findings confirm that profitability and the price of the products they sell, relate negatively with the firms' financial leverage.",

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The impact of metals' prices on the capital structure of mining and metallurgic firms in Latin America (2004-2014). / Salgado, Roberto J.Santillán; Ramírez, Alejandro Fonseca; Martínez, Francisco Venegas.
En: Contaduria y Administracion, Vol. 63, N.º 3, 01, 2018.

Producción científica: Contribución a una revista › Artículo de revisión › revisión exhaustiva

TY - JOUR

T1 - The impact of metals' prices on the capital structure of mining and metallurgic firms in Latin America (2004-2014)

AU - Salgado, Roberto J.Santillán

AU - Ramírez, Alejandro Fonseca

AU - Martínez, Francisco Venegas

PY - 2018

Y1 - 2018

N2 - This work examines the short and medium-term effects of the international prices of several mineral (gold, silver copper, zinc) and metallurgic (aluminum, steel) products, on the capital structure of mining and metallurgic firms listed in the stock markets of Argentina, Brazil, Mexico and Peru. The study uses quarterly data for the period 2000-2014. Consistent with the Dynamic Pecking Order theory, the findings confirm that profitability and the price of the products they sell, relate negatively with the firms' financial leverage.

AB - This work examines the short and medium-term effects of the international prices of several mineral (gold, silver copper, zinc) and metallurgic (aluminum, steel) products, on the capital structure of mining and metallurgic firms listed in the stock markets of Argentina, Brazil, Mexico and Peru. The study uses quarterly data for the period 2000-2014. Consistent with the Dynamic Pecking Order theory, the findings confirm that profitability and the price of the products they sell, relate negatively with the firms' financial leverage.

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KW - Corporate Performance.

KW - Mineral products' prices

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U2 - 10.1016/j.cya.2016.01.002

DO - 10.1016/j.cya.2016.01.002

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JO - Contaduria y Administracion

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The impact of metals' prices on the capital structure of mining and metallurgic firms in Latin America (2004-2014)

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