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La estructura financiera de las grandes Empresas manufactureras mexicanas en el contexto de la crisis financiera subprime, 2000-2015
[The financial structure of large mexican manufacturing Enterprises whithin the context of the subprime crisis, 2000-2015]

Author

Listed:
  • Francis Magloire Peujio Fozap
  • Christian Said Domínguez Blancas

Abstract

The is paper analyzes the repercussions of the subprime fi nancial crisis on the fi nancial structure of the large Mexican companies of the manufacturing sector in the period 2000-2015. Based on the framework of the Minsky Financial Instability Hypothesis, we study the evolution of financial statements and an indicator of financial fragility in these companies. The results show that the crisis accentuated the financial fragility of the large manufacturing companies, which was created in the previous years as a result of investment processes in physical and intangible assets related to the expansion of their markets, and which were fi nanced by short and long term debt. Th e incidence of the levels of indebtedness in its fi nancial fragility is confi rmed in the econometric estimation of panel data for the sample of 14 large manufacturing companies analyzed

Suggested Citation

  • Francis Magloire Peujio Fozap & Christian Said Domínguez Blancas, 2019. "La estructura financiera de las grandes Empresas manufactureras mexicanas en el contexto de la crisis financiera subprime, 2000-2015 [The financial structure of large mexican manufacturing Enterpri," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 36(72), pages 63-90, january-j.
    • Handle: RePEc:uns:esteco:v:36:y:2019:i:72:p:63-90
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    File URL: https://revistas.uns.edu.ar/ee/article/view/1660/1000
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    More about this item

    Keywords

    estructura financiera; empresas manufactureras; hipótesis de la inestabilidad financiera;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

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