Ramalho, Joaquim; Silva, Jacinto Vidigal da - Centro de Estudos e Formação Avançada em Gestão e … - 2011
Linear models are typically used in the regression analysis of capital structure choices. However, given the proportional and bounded nature of leverage ratios, models such as the tobit, the fractional regression model and its two-part variant are a better alternative. In this paper, we discuss...