IDEAS home Printed from https://ideas.repec.org/a/col/000180/011725.html
   My bibliography  Save this article

El efecto de los impuestos sobre el costo de capital: estudio del caso Almacenes Éxito S.A. (2006 -2010)

Author

Listed:
  • Edison Jair Duque Oliva
  • Maria Del Pilar Báez Roa

Abstract

El presente trabajo pretende, mediante el estudio de caso de la empresa Almacenes Éxito S.A. (período 2006-2010), determinar el efecto que tienen los impuestos en el costo de capital,tomando como referencia las principales proposiciones de Modigliani & Miller (1958, 1963). Los resultados obtenidos muestran, que para el período de estudio, el efecto de los impuestos corporativos no genera una disminución del costo de capital la empresa. De tal manera, para esta entidad la contratación de deuda no tiene un beneficio tributario. Concluyendo, que para la organización, el incentivo de buscar financiación con deuda, es una decisión de su estrategia de inversión. Este documento hace un aporte a los trabajos que analizan los impuestos desde una perspectiva económica relacionando las perspectivas internas de las organizaciones.

Suggested Citation

  • Edison Jair Duque Oliva & Maria Del Pilar Báez Roa, 2012. "El efecto de los impuestos sobre el costo de capital: estudio del caso Almacenes Éxito S.A. (2006 -2010)," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, December.
  • Handle: RePEc:col:000180:011725
    as

    Download full text from publisher

    File URL: http://www.redalyc.org/pdf/909/90925810004.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Costo de capital; Impuestos corporativos; Beneficio tributario; Deuda.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000180:011725. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Administrador (email available below). General contact details of provider: https://edirc.repec.org/data/femngco.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.