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...

College students frequently show they have little skill when it comes to using a credit card in a responsible manner. This article deals with this issue in an emerging market and in a pioneering manner. University students (n=769) in São Paulo, Brazil's main financial center, replied to a...

This research investigates the determinants of the capital structure of small and medium enterprises (SMEs) using a unique database that includes over 19,000 Brazilian firms and spans 13 years of data. The econometric analysis employs the System Generalized Method of Moments estimator (GMM-Sys)...

The study of sources of capital financing of companies has been the focus for researchers empirically test theories of capital structure. Identify an optimal capital structure (if any!) is no easy task, due to the dependence of several dynamic variables; temporal and sectored. So the consensus...

Este artigo apresenta os resultados de uma investigação sobre os fatores determinantes da estrutura de capital das companhias abertas que atuam no mercado brasileiro. Foi utilizada uma amostra de 91 empresas cobrindo o período de 1999 a 2003. Na realização deste trabalho foi utilizada uma...