The financial structure of large Mexican manufacturing enterprises whithin the context of the subprime crisis, 2000-2015

Authors

  • Francis Magloire Peujio Fozap Escuela Superior de Economía, IPN
  • Christian Said Domínguez Blancas Escuela Superior de Economía, IPN

DOI:

https://doi.org/10.52292/j.estudecon.2019.1660

Keywords:

Financial Structure, Manufacturing Companies, Financial Instability Hypothesis

Abstract

Th is paper analyzes the repercussions of the subprime financial crisis on the financial structure of the large Mexican companies of the manufacturing sector in the period 2000-2015. Based on the framework of the Minsky Financial Instability Hypothesis, we study the evolution of financial statements and an indicator of  financial fragility in these companies. The results show that the crisis accentuated the financial fragility of the large manufacturing companies, which was created in the previous years as a result of investment processes in physical and intangible assets related to the expansion of their markets, and which were fi nanced by short and long term debt. Th e incidence of the levels of indebtedness in its fi nancial fragility is confi rmed in the econometric estimation of panel data for the sample of 14 large manufacturing companies analyzed.

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Published

2019-06-13 — Updated on 2021-09-25

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How to Cite

Peujio Fozap, F. M., & Domínguez Blancas, C. S. (2021). The financial structure of large Mexican manufacturing enterprises whithin the context of the subprime crisis, 2000-2015. Estudios económicos, 36(72), 63–90. https://doi.org/10.52292/j.estudecon.2019.1660 (Original work published June 13, 2019)

Issue

Vol. 36 No. 72 (2019)

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Articles

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