El endeudamiento y el valor de mercado de la compañía AUTOS CHINAACCAPASS Cía. Ltda. en la ciudad de Ambato

Abstract

For the company AUTOS CHINAACCAPASS CIA. LTDA., the optimal capital structure is one that improves the market value of the company, this is strongly connected whit the minimum cost of financial resources used on its regular operations. It is important for an organization linked to the automotive sector, which it’s especially important in our province and the Ecuador`s central region, to maintain a market value that demonstrates that a company is able to accomplish its debts in short, medium and long term with suppliers, creditors, staff and investors. The maximum value of the company will be consistent with the minimum cost of capital only if the operating profit, is constant and independent of capital structure; with a vision which shows that the value of the company and the cost of capital depend on the level of indebtedness; but the cost of debt and equity that is not dependent on leveraged. It is proposed an hypothesis to make sure that the market value of a company is determined by the level of debt which has to be controlled with procedures, standards and indicators in order to prevent that an increasing financial risk cause problems, which may be penalized by shareholders or owners.