Stock market analysis as a financing alternative for SMEs in Latin America

Authors

  • Jairo Beymar Céspedes López Universidad Católica Boliviana “San Pablo”. Cochabamba, Bolivia
  • Remy Silvia Martinez Pairo Universidad Rey Juan Carlos y su centro adscrito EAE Business School. Madrid, España

DOI:

https://doi.org/10.15381/pc.v24i1.16564

Keywords:

Financing; Stock market; finance companies

Abstract

In Latin America, Small and Medium Enterprises (SMEs) are in constant growth, and to finance it they require resources from third parties, the traditional way of doing it is through banking, however, there is another attractive alternative in the system, which it is the stock market, in its sector of both variable income and fixed income, and the alternative stock markets existing in the region. This article analyzes the Latin American situation of SMEs and their stock markets, their perception of financing, their benefits and reasons for doing, or not using this strategic alternative. This analysis is made based on real market data and assuming a critical and proactive position of the alternative to business financing in the region.

Author Biographies

  • Jairo Beymar Céspedes López, Universidad Católica Boliviana “San Pablo”. Cochabamba, Bolivia

    Ingeniero Financiero, Universidad Católica Boliviana “San Pablo”, Cochabamba, Bolivia. Maestrando en Instituciones y Mercados Financieros de la Universidad Complutense de Madrid y su centro adscrito CUNEF, Madrid, España. Ex Consultor en Rediseño Curricular y Docente Pregrado, Universidad Católica Boliviana “San Pablo”, Cochabamba, Bolivia. Miembro del Comité Científico de la Revista “Ingeniería Industrial: Actualidad y Nuevas Tendencias” de la Universidad de Carabobo, Venezuela. Dirección postal: Calle Manuel Arauco, Cochabamba, Bolivia.

  • Remy Silvia Martinez Pairo, Universidad Rey Juan Carlos y su centro adscrito EAE Business School. Madrid, España

    Magíster en Dirección y Gestión Financiera, Universidad Rey Juan Carlos y su centro adscrito EAE Business School, Madrid, España. Magister en Gestión Financiera, Universidad Mayor de San Andrés, La Paz, Bolivia. Economista, Universidad Mayor de San Andrés, La Paz, Bolivia. Analista, Ministerio de Economía y Finanzas Públicas, La Paz, Bolivia. Dirección postal: Calle Rene Dorado, La Paz, Bolivia.

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Published

2019-07-31

Issue

Section

Artículos

How to Cite

Stock market analysis as a financing alternative for SMEs in Latin America. (2019). Pensamiento Crítico, 24(1), 167-198. https://doi.org/10.15381/pc.v24i1.16564