An Empirical Analysis of the Financing Policies Adopted by Brazilian Public Companies

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...

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Bibliographic Details
Main Authors: Pedro Góes Monteiro de Oliveira, Fernando Nascimento Oliveira
Format: Article
Language:English
Published: Brazilian Society of Finance 2009-07-01
Series:Revista Brasileira de Finanças
Subjects:
capital structure
cash deficit
financial leverage
static tradeoff
pecking order
Online Access:http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/1340

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