Does the use of foreign currency derivatives affect colombian firms? market value?

Classic financial theory relies on the absolute perfection of capital markets, which results in one of the milestones of theoretical corporate finance: the firm's value is invariant to the choice of capital structure. As an extension to the aforementioned

Detalles Bibliográficos
Autores Principales: Gómez-González, José Eduardo, León-Rincón, Carlos Eduardo, Leiton-Rodríguez, Karen Juliet
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2009
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5579
Descripción
Sumario:Classic financial theory relies on the absolute perfection of capital markets, which results in one of the milestones of theoretical corporate finance: the firm's value is invariant to the choice of capital structure. As an extension to the aforementioned