Advanced Search
MyIDEAS: Login

El impacto de la liquidez corporativa sobre el valor de las decisiones financieras de la empresa

Contents:

Author Info

Registered author(s):

    Abstract

    Este trabajo examina el efecto de la liquidez sobre las principales decisiones financieras en la empresa. Los resultados muestran c¢mo la asimetr¡a de informaci¢n entre los diferentes agentes econ¢micos afectan a la acumulaci¢n de cash y ‚sta, a su vez, influye sobre el valor de las decisiones financieras. El mercado penaliza la inversi¢n y valora positivamente el endeudamiento y los dividendos en las empresas con abundante cash. En empresas con cash medio, los accionistas valoran positivamente la reinversi¢n del cash flow y, finalmente, se sugiere que las empresas con poco cash, no permiten que ‚ste se acumule debido a los posibles problemas de agencia.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www3.uva.es/empresa/uploads/dt_08_05.pdf
    Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Fortuna-Lindo, Jose M.)
    Download Restriction: no

    Bibliographic Info

    Paper provided by Interuniversity Research Master and Doctorate Program (with a quality mention of ANECA) on "Business Economics", Universities of Valladolid, Burgos, Salamanca and León (Spain). Until 2008, Interuniversity Doctorate Program (with a quality mention of ANECA) “New trends in Business Administration”, Universities of Valladolid, Burgos, and Salamanca (Spain). Master en Investigación y Programa de Doctorado Interuniversitarios (con mención de calidad de la ANECA) en "Economía de la Empresa", Universidades de Valladolid, Burgos, Salamanca y León (España). Hasta 2008, Programa de Doctorado Interuniversitario (con mención de calidad de la ANECA) “Nuevas Tendencias en Dirección de Empresas”, Universidades de Valladolid, Burgos y Salamanca (España). in its series Working Papers "New Trends on Business Administration". Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". with number 2005-08.

    as in new window
    Length: 28 pages
    Date of creation: Dec 2005
    Date of revision:
    Handle: RePEc:ntd:wpaper:2005-08

    Contact details of provider:
    Postal: Avda. Valle Esgueva, 6, 47011 Valladolid
    Phone: +34 983 420000 ext. 4392
    Fax: +34 983 423899
    Email:
    Web page: http://www3.uva.es/empresa/
    More information through EDIRC

    Order Information:
    Postal: Av. Valle de Esgueva, 6. E-47011-Valladolid (Spain)
    Email:

    Related research

    Keywords: Cash acumulado; decisiones financieras; liquidez; asimetr¡a de informaci¢n; valor de mercado;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ntd:wpaper:2005-08. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fortuna-Lindo, Jose M.).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.