Effects of credit rating changes on capital structure of Latin American firms

Effects of credit rating changes on capital structure of Latin American firms

This study investigates whether non-financial Latin American firms adjust their capital structure in order to maintain certain rating levels. The credit rating-capital structure (CR-CS) hypothesis suggests that firms assume less debt after rating downgrades, aiming to retrieve necessary conditions...

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Bibliographic Details
Main Authors: Thiago Botta Paschoal, Matheus da Costa Gomes, Mauricio Ribeiro do Valle
Format: Article
Language:English
Published: Universidade de São Paulo (USP) 2019-05-01
Series:Revista de Contabilidade e Organizações
Subjects:
Capital structure
Credit rating
Partial adjustment
Target leverage
Latin American firms
Online Access:https://www.revistas.usp.br/rco/article/view/154005

Internet

https://www.revistas.usp.br/rco/article/view/154005

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