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In search for a satisfactory answer to the question: How much debt is appropriate for a particular company? Researchers had development a whole wealth of literature that addresses the problem using different approaches. Research on financial structure and its impact on the corporate value of the companies began with the contributions of Franco Modigliani and Merton Miller which laid the foundations of the new approach of modern finance and has allowed the development of new regulations aimed at theories search for an optimal financial structure. This paper proposes a mathematical algorithm based on the Bellman's Optimality Principle, which allows companies to determine the proportion of debt and optimal capital so that its weighted average cost of capital is minimized, which is equal to maximize its market value. [ABSTRACT FROM AUTHOR]

This paper analyzes several indicators of Mexican commercial banks liquidity and leverage, for the period 2002-2009. The purpose is determinate the relationship with the profitability and the possible patterns in their activities. The results show that the largest banks, according to the size of its assets, are more profitable, but they have more long term leverage and concentrate a significant proportion of their assets in government securities. In contrast, smaller banks have on its assets significant proportions of credit supply, and also have a considerable amount of long term deposits in liabilities. [ABSTRACT FROM AUTHOR]

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