| Author | dc.contributor.author | Araya Sepúlveda, Felipe | |
| Author | dc.contributor.author | Jara Bertín, Mauricio | |
| Author | dc.contributor.author | Maquieira Villanueva, Carlos | |
| Author | dc.contributor.author | San Martín Mosqueira, Pablo | |
| Admission date | dc.date.accessioned | 2015-09-16T19:24:42Z | |
| Available date | dc.date.available | 2015-09-16T19:24:42Z | |
| Publication date | dc.date.issued | 2015 | |
| Cita de ítem | dc.identifier.citation | Trimestre Económico. Volumen: 82 Número: 2 Páginas: 279-311 Apr-Jun 2015 | en_US |
| Identifier | dc.identifier.uri | https://repositorio.uchile.cl/handle/2250/133709 | |
| General note | dc.description | Artículo de publicación ISI | en_US |
| General note | dc.description | Sin acceso a texto completo | |
| Abstract | dc.description.abstract | This paper studies the influence of the AFPs, as major institutional investor, on the capital
structure decision of the Chilean firm. These investors may influence the capital structure
decision, through different avenues; monitoring the firm's managers and transferring useful
information to the capital market. The study considers a sample of 109 Chilean public
companies in the period 2009-2011. The APPs not only participate in the stock market but also
in the bond market and therefore our results are new and relevant to explain how AFPs
influence the capital structure decision. We find a positive relation between the participation of
AFPs in the ownership structure of the firm and the leverage and it is also positively related to
the public leverage. | en_US |
| Lenguage | dc.language.iso | es | en_US |
| Publisher | dc.publisher | Fondo de Cultura Económica | en_US |
| Keywords | dc.subject | Business Groups | en_US |
| Keywords | dc.subject | Corporate Governance | en_US |
| Keywords | dc.subject | Diversification Discount | en_US |
| Keywords | dc.subject | Agency Costs | en_US |
| Keywords | dc.subject | Public Debt | en_US |
| Keywords | dc.subject | Bank Debt | en_US |
| Keywords | dc.subject | Ownership | en_US |
| Keywords | dc.subject | Information | en_US |
| Keywords | dc.subject | Finance | en_US |
| Keywords | dc.subject | Firm | en_US |
| Título | dc.title | Influence of Institutional Investors in the Decisions of Capital Structure of the Company. Evidence for an Emerging Market | en_US |
| Document type | dc.type | Artículo de revista | |
