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Análisis del financiamiento en moneda extranjera del sector telecomunicaciones de la Bolsa Mexicana de Valores durante 2000-2016

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  • José Antonio Morales Castro

    (Escuela Superior de Comercio y Administración Tepepan Instituto Politécnico Nacional)

Abstract

Se prefiere la deuda en moneda extranjera como fuente de financiamiento porque cobra menor tasa de interés que las nacionales, pero si la moneda nacional se deprecia, produce pérdidas cambiarias que se traducen en aumento del costo de financiamiento para estos créditos. En esta investigación se estudió la variación de los niveles de deuda extranjera en los diferentes ciclos de depreciación y apreciación de la moneda mexicana durante 2000-2016 para cada una de las nueve empresas del sector telecomunicaciones de la Bolsa Mexicana de Valores. Los resultados de las pruebas estadísticas de diferencia de medias, con un intervalo de 95% de confianza de los múltiplos financieros que miden los pasivos en moneda extranjera, demostraron que prácticamente casi todas las compañías tuvieron cambios estadísticamente significativos en sus niveles de deuda en moneda extranjera al pasar de un ciclo a otro, sólo dos mantuvieron un aumento constante en todos los ciclos.

Suggested Citation

  • José Antonio Morales Castro, 2018. "Análisis del financiamiento en moneda extranjera del sector telecomunicaciones de la Bolsa Mexicana de Valores durante 2000-2016," Revista de Investigación en Ciencias Contables y Administrativas, Universidad Michoacana de San Nicolás de Hidalgo, Facultad de Contaduría y Ciencias Administrativas, vol. 3(2), pages 25-56, August.
    • Handle: RePEc:snh:journl:v:3:y:2018:i:2:p:25-56
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    References listed on IDEAS

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    1. Grier, Paul & Zychowicz, Edward J., 1994. "Institutional investors, corporate discipline, and the role of debt," Journal of Economics and Business, Elsevier, vol. 46(1), pages 1-11, February.
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