<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-6655</journal-id>
<journal-title><![CDATA[Análisis económico]]></journal-title>
<abbrev-journal-title><![CDATA[Anál. econ.]]></abbrev-journal-title>
<issn>2448-6655</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, Unidad Azcapotzalco, División de Ciencias Sociales y Humanidades]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-66552019000100009</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Los procesos de inversión en activos como determinantes de la estructura financiera de las grandes empresas mexicanas, 2000-2016: Un enfoque por sectores]]></article-title>
<article-title xml:lang="en"><![CDATA[The processes of investment in assets as determinants of the financial structure of large Mexican companies, 2000-2016: A sector-based approach]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Peujio Fozap]]></surname>
<given-names><![CDATA[Francis Magloire]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Domínguez Blancas]]></surname>
<given-names><![CDATA[Christian Said]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Politécnico Nacional Escuela Superior de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto Politécnico Nacional Escuela Superior de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>04</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>04</month>
<year>2019</year>
</pub-date>
<volume>34</volume>
<numero>85</numero>
<fpage>9</fpage>
<lpage>31</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552019000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552019000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552019000100009&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En este trabajo se analiza cómo los procesos de inversión en activos influyen en la estructura financiera de las grandes empresas de los sectores manufacturero, comercio y servicios. Los resultados indican que la expansión de sus activos obedece a su estrategia de sobrevivencia y expansión a otros mercados, la cual, debido a que ha privilegiado las adquisiciones y fusiones, se refleja en un relativo aumento de los activos intangibles, aunque los activos físicos se mantienen como el principal rubro. Las estimaciones econométricas para un panel de 63 grandes empresas que cotizan en la Bolsa Mexicana de Valores muestran la relevancia de los flujos de efectivo y los intangibles como factores que inciden en la estructura financiera de las empresas del sector manufacturero, contrario a lo que se observa en el sector comercio y servicios, en donde es la actividad económica doméstica, medida por el IGAE, la que se asocia con la evolución de los niveles de apalancamiento.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper analyzes how asset investment processes influence the financial structure of large companies in the manufacturing, commerce and services sectors. The results indicate that the expansion of its assets is due to its strategy of survival and expansion to other markets, which, because it has privileged acquisitions and mergers, is reflected in a relative increase in intangible assets, although physical assets remain as the main item. Econometric estimates for a panel of 63 large companies listed on the Mexican Stock Exchange show the relevance of cash flows and intangibles as factors that affect the financial structure of companies in the manufacturing sector, contrary to what is observed in the commerce and services sector, where it is the domestic economic activity, measured by the IGAE, which is associated with the evolution of leverage levels.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Estructura financiera]]></kwd>
<kwd lng="es"><![CDATA[grandes empresas mexicanas]]></kwd>
<kwd lng="es"><![CDATA[inversión en activos]]></kwd>
<kwd lng="es"><![CDATA[D21]]></kwd>
<kwd lng="es"><![CDATA[E12]]></kwd>
<kwd lng="es"><![CDATA[G33]]></kwd>
<kwd lng="es"><![CDATA[L6]]></kwd>
<kwd lng="en"><![CDATA[Financial structure]]></kwd>
<kwd lng="en"><![CDATA[large Mexican companies]]></kwd>
<kwd lng="en"><![CDATA[assets investment]]></kwd>
<kwd lng="en"><![CDATA[D21]]></kwd>
<kwd lng="en"><![CDATA[E12]]></kwd>
<kwd lng="en"><![CDATA[G33]]></kwd>
<kwd lng="en"><![CDATA[L6]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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