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Inversión y financiación empresarial en España

Author

Listed:
  • Angel Estrada

    (Servicio de Estudios, Banco de España)

  • Javier Valles

    (Servicio de Estudios, Banco de España)

Abstract

This article provides a comprehensive view of the relationship between financial variables and corporate investment in Spain. With this purpose in mind, first a descriptiva analysis of a sample ofprivate manufacturing companies for the 1984-1992 period is carried out, based on data from the Balance Sheet Central Office of the Banco de España. A brief revision of the investment models which incorporase the possible influence of financial variables in investment decision-making is then carried out. The analysis ends with a study of the existence of corporate groups which may be more restricted due to higher risk concentration or meagre collateral.

Suggested Citation

  • Angel Estrada & Javier Valles, 1994. "Inversión y financiación empresarial en España," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 30(03), pages 110-123.
    • Handle: RePEc:ekz:ekonoz:1994304
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    More about this item

    Keywords

    Análisis económico de la empresa; inversión empresarial; financiación empresarial;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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