Endeudamiento y rendimiento accionario en la Bolsa Mexicana de Valores (2017-2021)

Autores/as

  • Magnolia Miriam Sosa Castro Universidad Autónoma Metropolitana-Iztapalapa
  • Rosalinda Arriaga Navarrete Universidad Autónoma Metropolitana- Iztapalapa

DOI:

https://doi.org/10.24275/uam/azc/dcsh/ae/2022v38n97/Sosa

Palabras clave:

Apalancamiento financiero, rendimiento bursátil, Bolsa Mexicana de Valores, Modelos Datos Panel, FMOLS, OLS

Resumen

El presente analiza el impacto del apalancamiento (nivel de deuda total, de corto y largo plazo) y de otras variables relevantes: crecimiento, rendimiento sobre activos, tamaño y solvencia en el rendimiento bursátil de las empresas mexicanas, listadas en la BMV, durante el periodo 2017-2021. Para lograr dicho objetivo se proponen modelos de panel mínimos cuadrados: ordinarios (OLS) y completamente modificados (FMOLS). Los resultados señalan que, el rendimiento operativo (ROA), el crecimiento, el tamaño y la solvencia sí tienen un impacto estadísticamente significativo sobre los rendimientos bursátiles; mientras que, las variables asociadas al apalancamiento/estructura de capital, parecieran no afectar el rendimiento accionario de las empresas bajo estudio.

Clasificación JEL: G32; G11; C23.

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Biografía del autor/a

Magnolia Miriam Sosa Castro, Universidad Autónoma Metropolitana-Iztapalapa

Universidad Autónoma Metropolitana-Iztapalapa, Departamento de Economía. Dra. en Economía-UNAM

Rosalinda Arriaga Navarrete, Universidad Autónoma Metropolitana- Iztapalapa

PROFESORA INVESTIGADORA DE TIEMPO COMPLETO

DEPARTAMENTO DE ECONOMÍA

Citas

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Publicado

2023-01-20

Cómo citar

Sosa Castro, M. M., & Arriaga Navarrete, R. (2023). Endeudamiento y rendimiento accionario en la Bolsa Mexicana de Valores (2017-2021). Análisis Económico, 38(97), 111–128. https://doi.org/10.24275/uam/azc/dcsh/ae/2022v38n97/Sosa

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