COSTOS Y BENEFICIOS DE LA EMISIÓN DE OBLIGACIONES Y EL APALANCAMIENTO FINANCIERO ANTE IMPUESTOS CORPORATIVOS

Abstract

The growing participation of companies in the stock market shows that this form of financing has been successful in the country; therefore, the present study is to analyze the importance for a company to issue debentures; for it is necessary to evaluate the costs it must incur. Intermediaries such as structuring, brokerage, risk rating, paying agent who are generating some of the costs were considered. In addition, financial leverage on corporate tax was analyzed. The research methods used were literature review and case analysis, the latter allowed for projections provided responses to the problem. According to the analysis, the results of financing through bonds will depend on the type of rate that is offered and the costs of issuance and the time and the amount required.