Finance, Markets and Valuation
Vol. 5, Num. 1, January-June 2019, 95--110
Title: The use of financial tools in a sample of Uruguay firms
Authors: Margarita Roldós, Alejandra Blanco, Mauro de la Vega, Natalia Legazcue, María Nela Seijas, Juan José Giradini, Ramón Álvarez, Elena Vernazza
DOI: 10.46503/KZPT8837
Abstract:
We survey a sample of the Uruguay firms in the business sector, about the use of financial instruments as: Debt Structure, Net Value Present, Internal Rate of Return, Payback Period and other capital budgeting instruments. We follow the line research o Graham & Harvey (2001) and others works that replicate the same line. Using a logistic regression model, we arrive to the result that use of the financial tools is limited, results that are in sintony with other emerging economies. We observed that use of the financial tools is related with the size of the company, the setting of a debt target, the level of education and training, as well as the seniority of the person responding, as explanatory factors of greater use of the selected tools.
Keywords: Corporate Finance; Financial tools; Uruguay
