Theories about capital structure and profitability in companies

• Autores: Ramírez Huerta, Valiente Pantaleón, Vicente Armas, Edgar, Ríos Zarzosa, Marcelino Héctor, Fabián Sotelo, Luis Ángel, Bustamante Sánchez, Yolanda
• Formato: artículo
• Fecha de Publicación: 2019
• Institución: Universidad Nacional Mayor de San Marcos
• Repositorio: Revista UNMSM - Gestión del Tercer MIlenio
• Lenguaje: español
• OAI Identifier: oai:ojs.csi.unmsm:article/17306
• Enlace del recurso: https://revistasinvestigacion.unmsm.edu.pe/index.php/administrativas/article/view/17306
• Nivel de acceso: acceso abierto
• Materia: Structural capital; financing policy; profitability; Capital estructural; política de financiación; rentabilidad

In this research work, we aimed to determine what are the theories about capital structure and profitability that are being applied in companies in Spain and Latin America by setting their permanent funds (capital) search policies, through the documentary analysis of twenty-two published research on the subject between 2005 and 2019. The results show that the theory of compensation is mostly applied, followed by the theory of hierarchical order and third and lastly the theory of Market Independence and Imperfections. The three theories must be harmonized into a single theoretical body since they complement each other.