Capital structure: Empirical evidences of public and non-public firms in Brazil

Autor:	Pedro Luiz Aprigio, Joelson Oliveira Sampaio, Gabriel Hideo Sakai de Macedo, Eduardo Flores
Rok vydání:	2015
Předmět:	Finance Capital structure business.industry Financial system Business General Business Management and Accounting
Zdroj:	Corporate Ownership and Control. 12:223-232
ISSN:	1810-3057 1727-9232
DOI:	10.22495/cocv12i3c2p2
Popis:	This study seek to contribute to the literature through research focused on companies listed and not listed on the stock exchange. A survey was used to identify the capital structure of Brazilian companies and relate the results to the Brazilian credit market. The results indicate that most of the investigated companies prefer not to issue convertible debt, as well as the share of firms issuing common shares was small. It was found that firms do not have preference between long-term and short-term debt. Finally, it was also noted that private companies have great concern about the volatility of earnings and cash flow. The differential of this research was to analyze the practices adopted by both public companies and privately held
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1e5462cd3d65afbb18d8326495f24ca2 https://doi.org/10.22495/cocv12i3c2p2 Zobrazit plný text záznamu