Companies and Bank lending in Peru: 2009 - 2012

Authors

  • Gaby Cortez Cortez Facultad de Ciencias Económicas de la Universidad Nacional Mayor de San Marcos, Lima, Perú.

DOI:

https://doi.org/10.15381/pc.v19i1.11018

Keywords:

companies, bank credit

Abstract

The paper seeks to find the factors that influence corporate borrowing, taking as example a set of extractive and manufacturing companies listed on the Lima Stock Exchange. According to the hypothesis and the results of the econometric and statistical evaluation it has been able to establish the existence of a negative relationship between profitability and leverage of this group of companies. The average rate of return of the companies analyzed in the sample is 9.7 percent. Companies with higher negative elasticities show lower rates of return. Companies with lower negative elasticities show rates of return below average performance.

Author Biography

  • Gaby Cortez Cortez, Facultad de Ciencias Económicas de la Universidad Nacional Mayor de San Marcos, Lima, Perú.
    Economista y magíster en economía en finanzas por la Universidad Nacional Mayor de San Marcos. Profesora principal de la Facultad de Ciencias Económicas. Miembro del Instituto de Investigación Económica de la Universidad Nacional Mayor de San Marcos.

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Published

2014-06-16

Issue

Section

Artículos

How to Cite

Companies and Bank lending in Peru: 2009 - 2012. (2014). Pensamiento Crítico, 19(1), 055-070. https://doi.org/10.15381/pc.v19i1.11018