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
id oai:RI-BanRep:20.500.12134-5579
recordtype dspace
spelling 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