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El endeudamiento de las empresas argentinas en una economía en crisis (1983-1991)

Author

Listed:
  • Sergio A. Berumen

    (Instituto Politécnico Nacional)

  • Fabio Bagnasco Petrelli

    (Università degli Studi di Padova)

Abstract

The significant number of banking credits granted to the Argentinean firms during the period 1983-1991 makes it necessary to study the causes of this serious debt. This article analyses the weakness of the self-financing rate and the effect of external support, as well as the effects related with the economic environment that encouraged this debt. Agency and information theories, at the macroeconomic level, are used to fulfil this objective.

Suggested Citation

  • Sergio A. Berumen & Fabio Bagnasco Petrelli, 2006. "El endeudamiento de las empresas argentinas en una economía en crisis (1983-1991)," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(14), pages 215-234, January-J.
    • Handle: RePEc:rei:ecoins:v:8:y:2006:i:14:p:215-234
    as

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/sberumen14.pdf
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    References listed on IDEAS

    as
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    5. -, 1992. "Anuario Estadístico de América Latina y el Caribe 1991 = Statistical Yearbook for Latin America and the Caribbean 1991," Anuario Estadístico de América Latina y el Caribe / Statistical Yearbook for Latin America and the Caribbean, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 904 edited by Cepal, July.
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    More about this item

    Keywords

    Argentinean firms; indebtedness; economic crisis; autofinancing;
    All these keywords.

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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