The purpose of this work is to verify the existence of financial constraints for investment in Brazil, an emerging … market with growing international visibility. Using panel data methodology and GMM, we estimate dynamic investment models …-2006. Our findings show that Brazilian firms face financial constraints since their investment depend on internally generated …

This study seeks to examine the impact of the cash level on fixed investment by Brazilian companies in the crisis of … panel data, it was possible to verify a reduction of investment in all the estimates, and the interaction between the cash …

considered here may affect the sensitiveness of investment to cash flow. Large firms, stock market listed firms as well as firms …

American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where … capital at a considerably lower rate than at present. Consumption should be heavily taxed in Brazil and Mexico and optimal …