Keywords
balanced panel
capital structure manufactura
panel balanceado
estructura de capital
How to Cite
Abstract
Manufacturing plays a vital role in the development of most countries, in some cases becoming the leading edge of different economic policies. The way in which this sector is financed affects its profitability. For this reason, the objective of this paper is to determine the incidence of the financial structure of manufacturing companies in Ecuador in the period from 2011 to 2021 through the application of balanced panel data, recreating fixed effects linear regression models by obtaining information from 1822 companies in the sector over a period of ten years. As the years pass by, it has been observed that the main objective about the significance of capital structure is the growth of companies. To increase share value, every company needs both tangible and intangible assets to carry out its activities and meet its goals. The importance of analyzing the capital structure in companies is to reduce and forecast relevant models that influence the decision to obtain an optimal capital structure, which allows an adequate use of the resources obtained. Currently, in the context of imperfect markets, this topic is still relevant and is one of the most studied topics in the area of corporate finance.
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