La estructura de capital de las pequeñas y medianas empresas argentinas

Anahí Briozzo; Hernán Vigier

doi:10.52292/j.estudecon.2009.885

Autores

Anahí Briozzo Universidad Nacional del Sur
Hernán Vigier Universidad Nacional del Sur

DOI:

https://doi.org/10.52292/j.estudecon.2009.885

Palavras-chave:

Pequeñas empresas, Decisiones de financiamiento, Estructura de capital.

Resumo

En esta investigación se propone que en el financiamiento de las pequeñas y medianas empresas (PyMEs) influyen ciertos factores propios de la demanda, derivados de una característica fundamental de este tipo de firmas: el entrelazamiento empresa- propietario. Los mismos se suman a las variables tradicionalmente estudiadas, que son producto de las asimetrías de información entre firmas y proveedores de fondos. Sobre la base de un estudio de campo realizado en la ciudad de Bahía Blanca en el periodo julio-octubre de 2006, se encuentra evidencia que apoya la relevancia de las variables propuestas. Esto constituye un avance hacia el desarrollo de modelos que caractericen la naturaleza distintiva de las pequeñas firmas.

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