Abstract

LEITE, Maurício  and  SILVA, Tarcísio Pedro da. Capital Structure and Economic Value Added in the Economic Performance of Brazilian and Chilean Industrial Companies. Rev.fac.cienc.econ. [online]. 2019, vol.27, n.1, pp.11-42. ISSN 0121-6805.  https://doi.org/10.18359/rfce.3129.

This study assesses the relationship between capital structure and economic value added in the economic performance of Brazilian and Chilean industrial companies. For these purposes, a descriptive, documentary, and quantitative research study was conducted, wherein the population included active public companies operating within the industrial sector listed on the Thomson One Banker TM website during the period from 2009 to 2013. The sample was composed of 127 compa-nies-82 Brazilian and 45 Chilean companies. The results indicate that the increasing participation of third party capital in the capital structure of Brazilian and Chilean companies has exerted a high negative relation on the economic performance of the organizations assessed. However, the economic value added displayed a low negative relation with the economic performance of Brazilian companies and a low positive relation with the economic performance of Chilean companies.

Keywords : capital structure; economic value added; economic return.

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