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Three Essays On The Use Of Financial Derivatives By Latin American Banks In Brazil, Chile And Mexico, Andres E. Rivas-Chavez
Three Essays On The Use Of Financial Derivatives By Latin American Banks In Brazil, Chile And Mexico, Andres E. Rivas-Chavez
Theses and Dissertations - UTB/UTPA
During the 1990s, Latin American countries implemented policies aimed at liberalizing their financial markets. Latin American countries deregulated the domestic financial and banking industries, removed controls on international capital flows, and promoted development of their domestic stock market. These countries implemented financial liberalization policies and programs in order to stimulate domestic savings and growth. Through financial liberalization they also attempted to reduce the direct intervention of the state in the economy and improve their financial infrastructure.
The implementation of such policies has led to an increase in capital flows to Latin America, an increase in the number of foreign banks, …
Ownership Variables And Capital Structure: Evidence From Chile, Suad Ghaddar
Ownership Variables And Capital Structure: Evidence From Chile, Suad Ghaddar
Theses and Dissertations - UTB/UTPA
The relationship between ownership structure and capital structure is one of the less understood areas within the corporate finance literature. This study attempts to address this issue within a unique; organizational and institutional framework that may help explain the intricacies of such a relationship. The Chilean corporate scene with its high ownership concentration levels, industrial group structure, and familial control provides a rich testing ground to analyze how ownership variables define a firm's leverage policy.
Research has supported both a positive and a negative relationship between ownership concentration and leverage levels. On the one hand, firms characterized by high levels …