Resumen
This paper makes an analysis of the financing structures of large firms in Colombia and its effects on value creation for the period 1999 to 2009. In the first instance, this paper presents a theoretical review on value creation and capital structures in a second time are classified and characterized by companies in Colombia for their financial structures, and a third stage involves the calculation of Value Economic Added (EVA) for large companies in Colombia. The calculations are based on data from the Information System and Enterprise Risk (Sirem) of the Superintendency of Companies.