An Empirical Analysis of the Financing Policies Adopted by Brazilian Public Companies
The Static Tradeoff and Pecking Order models specified in Shyam-Sunder and Myers (1999) were employed to analyze the financing policies adopted by Brazilian public firms. At a first glance, it seems that both models correctly describe the way in which firms in the sample finance their investments, althoug...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Brazilian Society of Finance
2009-07-01
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| Series: | Revista Brasileira de Finanças |
| Subjects: | |
| Online Access: | http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/1340 |