CAPITAL STRUCTURE FOR CORPORATE GROWING: CASE HOLDING THE ANDES

This article describes, analyzes and explains the problems of a national corporation growing Andino Investment Holding (AIH), in their quest to realize an efficient capital structure that enables its sustainability going concern, and that allows the further develop-ment achieved in the past decades....

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Detalles Bibliográficos
Autor: Hennings Otoya, Julio Alberto
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2014
País:Perú
Institución:Universidad Nacional Mayor de San Marcos
Repositorio:Revistas - Universidad Nacional Mayor de San Marcos
Idioma:español
OAI Identifier:oai:revistasinvestigacion.unmsm.edu.pe:article/10067
Acceso en línea:https://revistasinvestigacion.unmsm.edu.pe/index.php/quipu/article/view/10067
Access Level:acceso abierto
Palabra clave:Capital structure
financial leverage
holding company
Estructura de capital
apalancamiento financiero
holding de empresas
Descripción
Sumario:This article describes, analyzes and explains the problems of a national corporation growing Andino Investment Holding (AIH), in their quest to realize an efficient capital structure that enables its sustainability going concern, and that allows the further develop-ment achieved in the past decades. The research was based on the review and documentary analysis of eco-nomic and financial information company that works in the Superintendence of Securities Market, the Lima Stock Exchange and reports of risk assessors. Also was tested and reinforced the findings of interviews with officials linked to the case. Finally, observing the direction of the holding, the impossibility of continued growth based on debt, decides to open up capital to outside investors, by the issuance and placement on the Lima Stock Exchange. Previously, AIH and subsidiaries, are forced to make organizational and governance, in line with the new status changes, which will strengthen its development. Resulting from this new capital strategy covered in the capital market, the Holding decreases financial costs and obtains the patrimonial reinforcement consolidate its expansion and economic sustainability.