Las fuentes de financiamiento como estructura de capital en las empresas y lo que representa el riesgo financiero.

Abstract

Currently the sources of financing are very important for the development and growth of companies, since it is a means that allows them to achieve their objectives in the medium or long term, these sources can be internal or external, that is, they can finance through contributions from partners or by liquidation of assets, unlike external debts that are acquired through bank loans, all this helps us to obtain resources when there are shortages or reduce a tax burden. To study the capital structure of companies, we go back to the initial theories proposed by Modigliani and Miller (1958), who stated that to structure the capital of a company, two parts must be considered: The first, which consists of having its own capital; and the second, which is obtaining external resources. Thus, in this way the objective of this work is to identify through a documentary review the main sources of financing of the capital structure of companies. In the development of this work, the main theories that support the capital structure were identified and what are the main sources of financing that companies resort to, which helps them generate greater value.