Spanish Abstract: Este documento busca identificar las variables financieras que explican la situación de fracaso empresarial de la pequeña y mediana empresa (pyme) en Colombia. Para alcanzar este fin, se tomaron los resultados financieros de todas las empresas que están obligadas a reportar...

Most western countries started to reform their public management in the eighties. These reform processes are known as New Public Management (NPM). Although, the depth and scope of the changes are not the same in all countries, they show common characteristics. This paper reviews such...

This paper has the main target of clarifying the costs of a fiduciary monetary system, in the economic transition process. Also the advantages of such a financial system are studied, as based upon a non-nominative silver current and guarantor of development. This is also an attempting to settle...

Se evalúa el rendimiento ex-dividendo en acciones colombianas entre 1999 y 2007, periodo que incluye la conformación en julio de 2001 de la Bolsa de Valores de Colombia, resultado de la integración de tres bolsas previamente existentes. Contrario a la hipótesis de eficiencia de mercado, se...

Economic literature reveals a lack of a general theory on trade credit. This paper reviews the main theoretical and empirical contributions providing a simple but complete guide to researchers. Likewise, future research is encouraged by showing the puzzled and less explored features of trade...