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dc.contributor.authorMatsuo, Alexandre Kazuma
dc.contributor.authorEid Júnior, William
dc.date.accessioned2016-02-25T15:12:22Z
dc.date.available2016-02-25T15:12:22Z
dc.date.issued2009-07
dc.identifier.urihttp://hdl.handle.net/10438/15559
dc.description.abstractA systematic review was made of studies regarding the capital structure in Brazil during the period of 1988-2003. The recurring themes relate to the static tradeoff and pecking order in various moments of the economy, the fiscal benefits of indebtedness and interest on privately-owned capital, and the inefficacies of the stock market. The Brazilian companies enjoy little leverage as compared to other emerging markets. BNDES is responsible for 5% of the gross formation of fixed capital. The funding of resources occurs at opportune moments, and the financing decision may precede that of investment. Efficacy of the judiciary system and company transparency positively affect access to credit.eng
dc.language.isoeng
dc.publisherSSRN
dc.titleCapital structure in Brazil: review of studies during the period of 1988-2003eng
dc.typeWorking Papereng
dc.subject.areaFinançaspor
dc.contributor.unidadefgvEscolas::EAESPpor
dc.subject.bibliodataEstrutura de capitalpor


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