Browsing by Author "Sarria Allende, Virginia"
Now showing items 1-6 of 6
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Asymmetry and the cost of capital.
Sarria Allende, Virginia; García Sánchez, Javier; Preve, Lorenzo (2nd World Finance Conference, Rhodes., 2011)The expected cost of capital is a crucial component for most of the topics in corporate finance. Unfortunately in the presence of risky debt, it is systematically overestimated. This bias is increasing in leverage and the ... -
The Regulation of Entry and the Distortion of Industrial Organization
Sarria Allende, Virginia; Fisman, Raymond ("Journal of Applied Economics. (CEMA), Vol XIII, No. 1 (May 2010), 91-120.", 2010)We study the distortions of industrial organization caused by entry regulation. We take advantage of heterogeneity across industries in their natural barriers and growth opportunities to examine whether industries are ... -
Small and medium enterprises financing in Eastern Europe.
Sarria Allende, Virginia; Klapper, Leora; Sulla, Victor (World Bank Policy Research Working Paper No.2933, Washington., 2002)There is currently a large interest in understanding firms' percentage of total employment) in Eastern European access to finance, particularly in the financing of small- countries is smaller than in most developed ... -
Theory and practice of corporate finance: Evidence and distinctive features in Latin America
Preve, Lorenzo; Sarria Allende, Virginia; Maquieira, Carlos (Emerging Markets Review, 2011)We survey 290 LATAM firms on capital budgeting, cost of capital and capital structure issues. We analyze the results and compare them to those of other studies. We interpret differences according to special features ... -
Valuation in Emerging Markets: A Simulation Approach
García Sánchez, Javier; Preve, Lorenzo; Sarria Allende, Virginia (Morgan Stanley, 2010-04)Most of the foundations of valuation theory have been designed for use in developed markets. Because of the greater, and in some cases different, risks associated with emerging markets (although recent experience might ... -
Working Capital Management: An Exploratory Study
Sarria Allende, Virginia; Preve, Lorenzo; Ettienot, Hernan (Journal of Applied Finance, 2012)Working capital management is an issue in which finance research is scarce. One possible reason behind this fact might relate to the relative ease with which efficient financial markets correct deviations from optimal ...