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
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oai:RI-BanRep:20.500.12134-55792019-04-16T16:17:37Z Does the use of foreign currency derivatives affect colombian firms? market value? Gómez-González, José Eduardo León-Rincón, Carlos Eduardo Leiton-Rodríguez, Karen Juliet G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill G30 - Corporate Finance and Governance: General Modigliani-Miller Risk management Hedging Firm value Emerging market Tobin's Q Riesgo cambiario -- Colombia Riesgo (Economía) -- Colombia Mercados emergentes -- Colombia Teoría económica G32 - Política de financiación; riesgo financiero y gestión de riesgos; Estructura del capital y de la propiedad; Valor de empresa; fondo de comercio G30 - Gobierno y financiación de la empresa: Generalidades 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 2009-05-10 2009-05-10 Working Paper Documentos de trabajo Published Version http://repositorio.banrep.gov.co/handle/20.500.12134/5579 http://hdl.handle.net/20.500.12134/5579 spa Documentos de Trabajo Borradores de Economía Borradores de Economía; No. 562 https://ideas.repec.org/p/bdr/borrec/562.html Open Access https://creativecommons.org/licenses/by-nc-sa/4.0/ Acceso abierto Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0 Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva. PDF application/pdf image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg Bogotá Banco de la República |
institution |
Repositorio Institucional del Banco de la República de Colombia |
collection |
DSpace |
language |
Español (Spanish) |
topic |
G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill G30 - Corporate Finance and Governance: General Modigliani-Miller Risk management Hedging Firm value Emerging market Tobin's Q Riesgo cambiario -- Colombia Riesgo (Economía) -- Colombia Mercados emergentes -- Colombia Teoría económica G32 - Política de financiación; riesgo financiero y gestión de riesgos; Estructura del capital y de la propiedad; Valor de empresa; fondo de comercio G30 - Gobierno y financiación de la empresa: Generalidades |
spellingShingle |
G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill G30 - Corporate Finance and Governance: General Modigliani-Miller Risk management Hedging Firm value Emerging market Tobin's Q Riesgo cambiario -- Colombia Riesgo (Economía) -- Colombia Mercados emergentes -- Colombia Teoría económica G32 - Política de financiación; riesgo financiero y gestión de riesgos; Estructura del capital y de la propiedad; Valor de empresa; fondo de comercio G30 - Gobierno y financiación de la empresa: Generalidades Gómez-González, José Eduardo León-Rincón, Carlos Eduardo Leiton-Rodríguez, Karen Juliet Does the use of foreign currency derivatives affect colombian firms? market value? |
description |
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 |
format |
Documento de trabajo (Working Paper) |
author |
Gómez-González, José Eduardo León-Rincón, Carlos Eduardo Leiton-Rodríguez, Karen Juliet |
author_facet |
Gómez-González, José Eduardo León-Rincón, Carlos Eduardo Leiton-Rodríguez, Karen Juliet |
author_sort |
Gómez-González, José Eduardo |
title |
Does the use of foreign currency derivatives affect colombian firms? market value? |
title_short |
Does the use of foreign currency derivatives affect colombian firms? market value? |
title_full |
Does the use of foreign currency derivatives affect colombian firms? market value? |
title_fullStr |
Does the use of foreign currency derivatives affect colombian firms? market value? |
title_full_unstemmed |
Does the use of foreign currency derivatives affect colombian firms? market value? |
title_sort |
does the use of foreign currency derivatives affect colombian firms? market value? |
publisher |
Banco de la República |
publishDate |
2009 |
url |
http://repositorio.banrep.gov.co/handle/20.500.12134/5579 |
_version_ |
1637300280443797504 |
score |
12,131701 |