CAPITAL STRUCTURE IN LATIN AMERICA: INSTITUTIONAL AND MACROECONOMIC EFFECTS

The database corresponds to the period 2008-2018. Includes financial data of the industrial companies listed in Latin America: Argentina, Brazil, Chile, Colombia, Mexico and Peru. It also includes institutional data of the countries in analysis. The database includes data without winsorized and winsorized at 1%. The analysis was carried out with the winsorized data with termination (_1) , except LEVMK and LEVBOOK. Financial data were obtained from https://orbis.bvdinfo.com/version-20191219/orbis/Companies/ Login / StudentLicenceAgreement ?. Institutional data: CORRUPT of https://databank.worldbank.org/source/worldwide-governance-indicators; LEGEFF and ENFORC from https://www.fraserinstitute.org/economic-freedom/; MINORITY of https://databank.worldbank.org/source/doing-business; GOVDBT from https://databank.worldbank.org/source/worldwide-governance-indicators and https://datosmacro.expansion.com/deuda/; DEPOSIT and CAPMARKT from https://databank.worldbank.org/source/international-debt-statistics. The macroeconomic data, GROWGDP and INFLAC were obtained from https://databank.worldbank.org/source/world-development-indicators. In addition, the data not shown by the aforementioned institutions were extracted from the Ministries of Finance and Central Banks of the countries.