Funchal, Bruno; Clovis, Mateus - In: Journal of Financial Economic Policy 1 (2009) May, pp. 264-275
law on firms' capital structure. Design/methodology/approach – Taking advantage of the Brazilian bankruptcy law reform as …Purpose – The purpose of this paper is to study the effect of changes in creditors' priority defined by the bankruptcy … and after the new law, using fixed-effects panel regression. The empirical results are in line with theories that predict …