1. Endeudamiento y rendimiento accionario en la Bolsa Mexicana de Valores (2017-2021).
- Author
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Sosa Castro, Magnolia Miriam and Arriaga Navarrete, Rosalinda
- Subjects
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RATE of return on stocks , *INTEREST rates , *FINANCIAL leverage , *LONG-term debt , *COVID-19 pandemic - Abstract
This paper analyzes the impact of leverage (short- and long-term debt) and some other key variables (growth, size, return on assets (ROA) and solvency) on the stock market returns of Mexican listed companies, over 2017-2021. The period covers the Covid-19 crisis and the previous period of uncertainty generated by the benchmark interest rate cut in 2018. For this purpose, panel least squares: ordinary (OLS) and fully modified (FMOLS) models are proposed. Empirical evidence shows that ROA, growth, size, and solvency have a significant impact on stock returns. Variables related to leverage do not seem to be related to stock returns. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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