Desviación respecto al óptimo teórico de la estructura de capital de las grandes empresas del sector químico colombiano
Marulanda-Velásquez, A. C. (Adriana Cecilia) | 2014-05-13
This work shows the deviation of the capital structure of companies in the Colombian chemical
sector of manufacture of paints, varnishes and similar coatings, printing inks and mastics for
2008 compared to the optimum capital structure built for a company type in this sector. The term
“company type’’ refers to a company structured with consolidated financial statements of the
most representative companies in this sector, belonging to the sample selected for this analysis.
To achieve this goal, we use a business valuation model and develop a model to qualify the credit
risk that provide the basis to determine the optimum capital structure for different scenarios and
the dispersion of the selected companies compared with it. These results are accompanied by an
analysis to find the relationship of leverage with some of the determinants of capital structure.