Country Factors and Dynamic Capital Structure in Latin American Firms

We develop partial adjustment and duration models to test the relevance of country idiosyncrasies in determining the capital structure of publicly-traded Brazilian, Chilean and Mexican firms. Our data panel, ranging from the 4th quarter of 1996 to the 2nd quarter of 2010, consists of 4403 firm-quart...

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Bibliographic Details
Main Authors: Mayra Ivanoff Lora, Hsia Hua Sheng, Leonel Rodrigues Bogéa Sobrinho
Format: Article
Language:English
Published: Brazilian Society of Finance 2012-06-01
Series:Revista Brasileira de Finanças
Subjects:
Online Access:http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/3623/2691