SciELO - Scientific Electronic Library Online

 
vol.22 issue39LA TEORÍA DE LOS MERCADOS DE CAPITALES EFICIENTES. UN EXAMEN CRÍTICOLA RESTRICCIÓN INTERTEMPORAL DEL PRESUPUESTO. UNA EVALUACIÓN EMPÍRICA PARA EL GOBIERNO NACIONAL CENTRAL DE COLOMBIA, 1950-2010 author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Cuadernos de Economía

Print version ISSN 0121-4772

Abstract

GONZALEZ, Jorge Iván. LA FINANCIACIÓN DE LAS EMPRESAS EN LAS PERSPECTIVAS DE MODIGLIANI-MILLER Y WILLIAMSON. Cuad. Econ. [online]. 2003, vol.22, n.39, pp.85-98. ISSN 0121-4772.

This article compares Modigliani-Miller and Williamson's views about ways of financing business (shares and debt). Whilst financing alternatives represent technical instruments for Modigliani and Miller, they reflect different governability structures for Williamson.After presenting each approach's general lines of argument, the article shows their analytical implications.Williamson's institutional theory broadens the horizon because it shows that talks must be held between the economy and other disciplines and also provides evidence of the links between a company's financial decision-making policy and its governability.

Keywords : finance; arbitration; governability; bonds; debt; business.

        · abstract in Spanish | French     · text in Spanish     · Spanish ( pdf )

 

Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License