<?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>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422018000400001</article-id>
<article-id pub-id-type="doi">10.1016/j.cya.2016.01.002</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Impacto de los precios de los metales en la estructura de capital de las empresas minero-metalúrgicas en América Latina (2004-2014)]]></article-title>
<article-title xml:lang="en"><![CDATA[The impact of metals&#8217; prices on the capital structure of mining and metallurgic firms in Latin America (2004-2014)]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Santillán Salgado]]></surname>
<given-names><![CDATA[Roberto J.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Fonseca Ramírez]]></surname>
<given-names><![CDATA[Alejandro]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Venegas Martínez]]></surname>
<given-names><![CDATA[Francisco]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,ITESM EGADE ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto Politécnico Nacional  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2018</year>
</pub-date>
<volume>63</volume>
<numero>3</numero>
<fpage>0</fpage>
<lpage>0</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422018000400001&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422018000400001&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422018000400001&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este trabajo examina los efectos de corto y mediano plazo de las fluctuaciones de los precios internacionales de varios productos minerales (oro, plata, cobre, zinc) y metalúrgicos (aluminio, acero) sobre la estructura de capital de las empresas de la industria minera y metalúrgica listadas en los mercados bursátiles de Argentina, Brasil, México y Perú. Se utilizan datos trimestrales para el periodo 2000-2014. Consistente con la teoría del Orden Selectivo de Preferencia Dinámico &#8220;Dynamic Pecking Order&#8221;, los resultados del análisis econométrico confirman que la rentabilidad y los precios de los productos se relacionan negativamente con en el apalancamiento financiero de las empresas.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This work examines the short and medium-term effects of the international prices of several mineral (gold, silver copper, zinc) and metallurgic products (aluminum, steel), on the capital structure of mining and metallurgic companies listed in the stock markets of Argentina, Brazil, Mexico and Peru. The study uses quarterly data for the period 2000-2014. Consistent with the Dynamic Pecking Order theory, the findings confirm that profitability and the price of the products relate negatively with the firms&#8217; financial leverage.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Precio de productos minerales]]></kwd>
<kwd lng="es"><![CDATA[Estructura de capital]]></kwd>
<kwd lng="es"><![CDATA[Desempeño corporativo]]></kwd>
<kwd lng="es"><![CDATA[G13]]></kwd>
<kwd lng="es"><![CDATA[G32]]></kwd>
<kwd lng="es"><![CDATA[G33]]></kwd>
<kwd lng="en"><![CDATA[Mineral products&#8217; prices]]></kwd>
<kwd lng="en"><![CDATA[Capital Structure]]></kwd>
<kwd lng="en"><![CDATA[Corporate Performance]]></kwd>
<kwd lng="en"><![CDATA[G13]]></kwd>
<kwd lng="en"><![CDATA[G32]]></kwd>
<kwd lng="en"><![CDATA[G33]]></kwd>
</kwd-group>
</article-meta>
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