El endeudamiento de las empresas argentinas en una economía en crisis (1983-1991)

Abstract

The significant number of banking credits granted to the Argentinean firms during the period 1983-1991 makes it necessary to study the causes of this serious debt. This article analyses the weakness of the self-financing rate and the effect of external support, as well as the effects related with the economic environment that encouraged this debt. Agency and information theories, at the macroeconomic level, are used to fulfil this objective.Argentinean firms, indebtedness, economic crisis, autofinancing