In the spirit of discussion of theoretical alternatives, we present the Asset-Attitude Approach that aims to bring new concepts to the study of competitive advantage. Although assets, as related to resources and capabilities, do not represent a new concept, the AAA introduces the importance of...

This study tests the market timing theory (EMTT) in the Brazilian Stock Market. The study is an adaptation from the Baker and Wurgler's article (2002) that successfully tested the theory in the American Stock Market. The theory has not been proven in the Brazilian Market. The leverage decreases...

The theory of finance and the theory of strategic planning can be viewed as two cultures that investigate the same problem, despite the differences in language and approach that make them apparently incompatible. In this theoretical essay, it is suggested a new perspective for studies in...

The modern theory of the capital structure has been the subject of a great amount of studies, since the publication of the famous article by Modigliani and Miller (1958) where they defended that, under certain circumstances, the leverage (relationship between equity capital and third party...

The resource-based view (RBV) appears as a more comprehensive theory than the neoclassical theory to explain value creation in the capitalist system. RBV emphasizes the role of strategic resources to the firm. Barney (1991) adopts the standpoint that the stock of strategic resources is important...

This paper sought to analyze some of the supposed determinants of capital structure of the largest Brazilian firms, in light of the Pecking Order theory and the Trade-Off theory, testing the empirical validity of these theories in the local scenario. The study is an adaptation of the paper...

Competition and the quest for competitive advantages on the market are prompting companies to reshape the profiles of their relationships with their customers and suppliers. They are opting for approaches based more on cooperation, trust, loyalty and quality, instead of bargaining power or clout...

This paper develops a profile of a sample of 648 entities registered with the federal government, as well as identifies financial and non-financial indicators that can better explain how usage frequency can be explained by measures that can predict value and that can be easily obtained. These...

The aim of this study is to analyze the relationship among diverse factors that explain the use of derivatives for the fulfillment of hedge operations. The independent variables (related to flexibility) that explains the dependent variable (level of utilization of the derivatives) are:...

The purpose of this Paper is to study: 1) Employee incentive programs, more specifically Gainsharing schemes in the Brazilian chemical industry; 2) Factors with positive effects upgrading the operating performance of the organizations that adopt them. The operating performance includes the...