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Os determinantes da estrutura de capital de empresas do PSI-20
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Autores
Orientador(es)
Resumo(s)
In this paper, the intention is to analyse the capital structure features of the companies operating in the Portuguese Capital Market (PSI-20). A panel analysis allows the studying of relationships between debt level and those factors which financial literature considers as determining for capital structure: size, tangibility, growth opportunities, operational risk, non-debt tax shields, profit, dividend payout, and stock price performance. This empirical study purports to describe the effects of these variables on the companies' debt level.
Descrição
Palavras-chave
Capital Structure Determinants Factors Panel Data Analysis
Contexto Educativo
Citação
Couto, Gualter; Ferreira, Sofia C. (2009). Os determinantes da estrutura de capital de empresas do PSI-20, “Working Paper Series”, 8, 15 pp.. Ponta Delgada: Universidade dos Açores, CEEAplA-A.