Rebalanceamento da Estrutura de Capital: Endividamento Setorial e Folga Financeira
We assume a model in which a firm’s indebtedness is strongly influenced by a fund’s supply side because creditors and investors (users of CAPM and market multiples) assess their exposure and risk level at relative bases (similar companies). This behavior induces firms’ capital structure targets to...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)
2015-05-01
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| Series: | RAC: Revista de Administração Contemporânea |
| Subjects: | |
| Online Access: | http://www.anpad.org.br/periodicos/arq_pdf/a_1580.pdf |