Summary - TST 18

TRANSPORTES, SERVICIOS Y TELECOMUNICACIONES


TST 18

Miguel Ángel Villacorta Hernández
La financiación con acciones privilegiadas en las empresas españolas relacionadas con el ferrocarril

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Key Words: Railways; Financing; Economic History; Shares; Commercial Law.

[ Abstract ]

During the 20th Century the Spanish railway companies were funded through bank financing and the issue of loans, using to a much lesser extent ordinary shares and on rare occasions classes of shares. However, classes of shares were a means of investment-financing frequently used in other countries. The present study has the aim of specifying the potential advantages for the Spanish companies involved in the rail sector of financing themselves with privileged, preferred, redeemable and non-voting shares.