Leal, Ricardo Pereira Câmara; Silva, André Luiz … - 2009
as firm level factors. Industry factors are not very important. In terms of the total debt levels, Brazilian firms have … increasing their total debt levels, in Asia there is a decreasing debt trend. The Brazilian economic tability is recent and the … instrumental for the increase of debt levels. Firms in countries with more credit restrictions take on more debt when the economy …