This study examines the long-run relationship between the real world price of maize, soybeans and sugar with the real world price of crude oil and a series of macroeconomic variables using a cointegration analysis from January 1982 until December 2012. The main empirical results support a strong...

The objective of this work is to offer a theoretical overview of the literature that links capital structure and factor-product markets, in order to show what we do know about these connections. This literature relates some elements of the modern financial theory to the stakeholder theory,...

A new literature linking capital structure and factor-product markets has been under focus in the last few years. This literature relates some elements of the modern financial theory to the stakeholder theory, market structure, and firm's strategic behavior. In this paper, we will examine the...

New connections between firm's financial policy, stakeholder theory, and firms' strategic behavior have emerged. First, according to the stakeholder theory, firm's non-financial stakeholders should be taken into account as claimants to the firm's cash flow because they affect debt level. Second,...

El objetivo de este artículo es doble. Por una parte, presentar las líneas maestras y la evolución de la regulación bancaria durante los últimos tiempos, con especial atención a las propuestas del Comité de Supervisión Bancaria de Basilea en relación con la adecuación del capital o...