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Virginia Sarria-Allende

Virginia Sarria-Allende
IAE Business School, Universidad Austral, Argentina · Finance

PhD in Finance

About

30
Publications
3,972
Reads
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875
Citations
Introduction
I have interest in several related topics: Corporate Finance (working capital management, corporate valuation, cost of capital estimation, capital structure); Entrepreneurial Finance (venture capital, corporate venture capital, accelerators, network formation); Corporate Innovation (getting started...).
Additional affiliations
April 2003 - present
IAE Austral University
Position
  • MBA, EMBA and Executive Education in Argentina and several other Latin American countries. Topics or courses: Corporate Finance, Emerging Markets and Entrepreneurial Finance
April 2003 - present
IAE Austral University
Position
  • Working Capital Management, Capital Budgeting, Valuation, Cost of Capital, Capital Structure, Corporate Restructuring, Entrepreneurial Finance, Emerging Markets

Publications

Publications (30)
Article
Purpose This paper aims to examine the relative performance of multilateral development banks venture capital funds (MDBVCs) compared to that of government-sponsored venture capital funds (GVCs), assessing their impact on invested start-ups. Design/methodology/approach First, the authors survey the literature to understand the performance drivers...
Article
We empirically explore the importance of networks in the match formation of startups and investors. Using a massive network of connections from the entrepreneurial finance setting in California, we estimate a matching model introducing network distance as a key determinant of the value of a prospective match. We find that distance drives matching v...
Article
Purpose The purpose of this paper is to examine whether the level of financial credit available in a country influences the level of trade credit provided to customers. Design/methodology/approach The authors examine the association between the supply of trade credit and the availability of country-level private financial credit using multivariate...
Article
Trade credit financing has usually been assumed to be an expensive source of funds. Recent studies, however, suggested that it can be available at either low or no cost. Using an international panel of firms, we provide an empirical answer to this matter. We analyze the type of firms and financial environments that are associated with a relatively...
Article
We survey 290 LATAM firms on capital budgeting, cost of capital and capital structure issues. We analyze the results and compare them to those of other studies. We interpret differences according to special features characterizing both emerging markets and SME. We observe that LATAM firms make use of standard capital budgeting techniques, but give...
Book
This is a Corporate Finance Manual that combines rigour and intuition. It covers all the relevant topics of corporate Finance
Article
The expected cost of capital is a crucial component for most of the topics in corporate finance. Unfortunately in the presence of risky debt, it is systematically overestimated. This bias is increasing in leverage and the volatility of cash flows. We show the existence of the bias and assess its size. We finally propose a novel methodology to obtai...
Article
We study the distortions of industrial organization caused by entry regulation. We take advantage of heterogeneity across industries in their natural barriers and growth opportunities to examine whether industries are differentially affected in countries according to entry regulation. First, we consider the effect of entry regulation on the (static...
Article
Most of the foundations of valuation theory have been designed for use in developed markets. Because of the greater, and in some cases different, risks associated with emerging markets (although recent experience might suggest otherwise), investors and corporate managers are often uncomfortable using traditional methods. The typical way of capturin...
Book
As soon as a firm starts operating and furthermore, the moment it starts to grow, it needs to come to a decision about how to invest funds, how much cash and inventory to hold on to, how much financing to provide to customers, how to obtain the necessary funds, how much debt to take on and in which terms-all the answers to these questions have seri...
Article
Time and value are related concepts that influence human behaviour. Although classical topics in human thinking throughout the ages, few environmental economic non-market valuation studies have attempted to link the two concepts. Economists have estimated non-market environmental values in monetary terms for over 30 years. This history of valuation...
Article
This paper studies the effect of financial crises on trade credit for a sample of 890 firms in six emerging economies. Although the provision of trade credit increases right after a crisis, it contracts in the following months and years. Firms that are financially more vulnerable to crises extend less trade credit to their customers. We argue that...
Article
Full-text available
There is currently a large interest in understanding firms'access to finance, particularly in the financing of small- and medium-size enterprises (SMEs). But the financing patterns of SMEs across countries is not well understood. For example, little is known about the relative importance of equity, debt, and inter-firm financing for SMEs across cou...
Article
Working capital management is an issue in which finance research is scarce. One possible reason behind this fact might relate to the relative ease with which efficient financial markets correct deviations from optimal working capital policies. However, in less efficient financial markets, pervasive among emerging economies, working capital manageme...

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