DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3

Detalhes bibliográficos
Autor(a) principal: Godoi, Alexandre Franco de
Data de Publicação: 2021
Outros Autores: Santos, José Odálio dos, Santos, Fernando de Almeida, Marion, José Carlos
Tipo de documento: Artigo
Idioma: por
Título da fonte: Internext
Texto Completo: https://internext.espm.br/internext/article/view/577
Resumo: Objective: To identify evidence of the capital structure relevance and the main banking strategies for value maximization in banks.Method: This is an empirical-analytical, descriptive research with a quantitative approach. Longitudinal data from the Economatica® database were collected from the first quarter of 2008 to the fourth quarter of 2018. Linear regression tests were performed for the analyzes (panel data).Main results: There is evidence of the capital structure relevance and the influence of banking strategies on bank profitability measured based on ROICADJUSTED.Relevance and originality: The timeliness, relevance and inevitable critical debates on the subject arouse the interest of the academic area for research directed to the critical analysis of the capital structure relevance and operational strategies for value maximization.Theoretical Contributions: It provides the inevitable academic debate about capital structure relevance and key banking strategies for maximizing value in the largest publicly traded banks.Social Contributions: Contributes to the decision-making process of sector managers, investors, financial analysts and regulatory bodies by addressing the capital structure relevance to banks, the risks and costs involved, the key aspects that encourage high levels of financial leverage and the determining factors for profitability.
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spelling DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3A Estrutura de Capital é Relevante para a Rentabilidade dos Bancos? Evidências Empíricas nos Maiores Bancos Brasileiros com Papéis Negociados na [B]3Capital Structure RelevanceBank’s Profitability DeterminantsRelevância da Estrutura de CapitalDeterminantes da Rentabilidade BancáriaDesempenho dos BancosEstrutura de Capital e Rentabilidade nos BancosObjective: To identify evidence of the capital structure relevance and the main banking strategies for value maximization in banks.Method: This is an empirical-analytical, descriptive research with a quantitative approach. Longitudinal data from the Economatica® database were collected from the first quarter of 2008 to the fourth quarter of 2018. Linear regression tests were performed for the analyzes (panel data).Main results: There is evidence of the capital structure relevance and the influence of banking strategies on bank profitability measured based on ROICADJUSTED.Relevance and originality: The timeliness, relevance and inevitable critical debates on the subject arouse the interest of the academic area for research directed to the critical analysis of the capital structure relevance and operational strategies for value maximization.Theoretical Contributions: It provides the inevitable academic debate about capital structure relevance and key banking strategies for maximizing value in the largest publicly traded banks.Social Contributions: Contributes to the decision-making process of sector managers, investors, financial analysts and regulatory bodies by addressing the capital structure relevance to banks, the risks and costs involved, the key aspects that encourage high levels of financial leverage and the determining factors for profitability.Objetivo: Identificar evidências da relevância da estrutura de capital e das principais estratégias bancárias para a maximização de valor nos bancos.Método: Pesquisa de natureza empírico-analítica, descritiva, de abordagem quantitativa, sendo os dados longitudinais coletados da base de dados Economatica® entre o período do 1º trimestre de 2008 ao 4º trimestre de 2018. Para as análises foram realizados testes de regressão linear com dados em painel (panel data).Principais resultados: Há evidências da relevância da estrutura de capital e da influência de estratégias bancárias para a rentabilidade dos bancos mensurada com base no ROICAJUSTADO.Relevância e originalidade: A atualidade, relevância e debates críticos inevitáveis sobre o tema desperta o interesse da área acadêmica por pesquisas direcionadas à análise crítica da relevância da estrutura de capital e de estratégias operacionais para a maximização de valor.Contribuições teóricas: Oportuniza o debate acadêmico inevitável acerca da relevância da estrutura de capital e das principais estratégias bancárias para a maximização de valor nos maiores bancos de capital aberto.Contribuições sociais: Contribui para o processo decisório de gestores, investidores, analistas financeiros e órgãos reguladores do setor ao abordar a relevância da estrutura de capital para os bancos, os riscos e custos envolvidos, os principais aspectos que incentivam níveis elevados de alavancagem financeira e os fatores determinantes para a rentabilidade.Escola Superior de Propaganda e Marketing - ESPM2021-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPesquisa Empírico-analítica; Descritiva; Quantitativaapplication/pdfhttps://internext.espm.br/internext/article/view/57710.18568/internext.v16i1.577Internext - International Business and Management Review ; Vol. 16 No. 1 (2021): Janeiro - Abril; 19-35Internext; v. 16 n. 1 (2021): Janeiro - Abril; 19-351980-4865reponame:Internextinstname:Escola Superior de Propaganda e Marketing (ESPM)instacron:ESPMporhttps://internext.espm.br/internext/article/view/577/pdfCopyright (c) 2020 Internextinfo:eu-repo/semantics/openAccessGodoi, Alexandre Franco deSantos, José Odálio dosSantos, Fernando de AlmeidaMarion, José Carlos2023-06-06T20:51:04Zoai:ojs.emnuvens.com.br:article/577Revistahttps://internext.espm.br/internextPRIhttps://internext.espm.br/internext/oaiinternext@espm.br1980-48651980-4865opendoar:2023-06-06T20:51:04Internext - Escola Superior de Propaganda e Marketing (ESPM)false
dc.title.none.fl_str_mv DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3
A Estrutura de Capital é Relevante para a Rentabilidade dos Bancos? Evidências Empíricas nos Maiores Bancos Brasileiros com Papéis Negociados na [B]3
title DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3
spellingShingle DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3
Godoi, Alexandre Franco de
Capital Structure Relevance
Bank’s Profitability Determinants
Relevância da Estrutura de Capital
Determinantes da Rentabilidade Bancária
Desempenho dos Bancos
Estrutura de Capital e Rentabilidade nos Bancos
title_short DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3
title_full DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3
title_fullStr DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3
title_full_unstemmed DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3
title_sort DOES THE CAPITAL STRUCTURE RELEVANT TO BANKS’ PROFITABILITY? EMPIRICAL EVIDENCE IN LARGEST BRAZILIAN BANKS WITH PAPERS TRADED IN [B]3
author Godoi, Alexandre Franco de
author_facet Godoi, Alexandre Franco de
Santos, José Odálio dos
Santos, Fernando de Almeida
Marion, José Carlos
author_role author
author2 Santos, José Odálio dos
Santos, Fernando de Almeida
Marion, José Carlos
author2_role author
author
author
dc.contributor.author.fl_str_mv Godoi, Alexandre Franco de
Santos, José Odálio dos
Santos, Fernando de Almeida
Marion, José Carlos
dc.subject.por.fl_str_mv Capital Structure Relevance
Bank’s Profitability Determinants
Relevância da Estrutura de Capital
Determinantes da Rentabilidade Bancária
Desempenho dos Bancos
Estrutura de Capital e Rentabilidade nos Bancos
topic Capital Structure Relevance
Bank’s Profitability Determinants
Relevância da Estrutura de Capital
Determinantes da Rentabilidade Bancária
Desempenho dos Bancos
Estrutura de Capital e Rentabilidade nos Bancos
description Objective: To identify evidence of the capital structure relevance and the main banking strategies for value maximization in banks.Method: This is an empirical-analytical, descriptive research with a quantitative approach. Longitudinal data from the Economatica® database were collected from the first quarter of 2008 to the fourth quarter of 2018. Linear regression tests were performed for the analyzes (panel data).Main results: There is evidence of the capital structure relevance and the influence of banking strategies on bank profitability measured based on ROICADJUSTED.Relevance and originality: The timeliness, relevance and inevitable critical debates on the subject arouse the interest of the academic area for research directed to the critical analysis of the capital structure relevance and operational strategies for value maximization.Theoretical Contributions: It provides the inevitable academic debate about capital structure relevance and key banking strategies for maximizing value in the largest publicly traded banks.Social Contributions: Contributes to the decision-making process of sector managers, investors, financial analysts and regulatory bodies by addressing the capital structure relevance to banks, the risks and costs involved, the key aspects that encourage high levels of financial leverage and the determining factors for profitability.
publishDate 2021
dc.date.none.fl_str_mv 2021-01-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Pesquisa Empírico-analítica; Descritiva; Quantitativa
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://internext.espm.br/internext/article/view/577
10.18568/internext.v16i1.577
url https://internext.espm.br/internext/article/view/577
identifier_str_mv 10.18568/internext.v16i1.577
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://internext.espm.br/internext/article/view/577/pdf
dc.rights.driver.fl_str_mv Copyright (c) 2020 Internext
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2020 Internext
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Escola Superior de Propaganda e Marketing - ESPM
publisher.none.fl_str_mv Escola Superior de Propaganda e Marketing - ESPM
dc.source.none.fl_str_mv Internext - International Business and Management Review ; Vol. 16 No. 1 (2021): Janeiro - Abril; 19-35
Internext; v. 16 n. 1 (2021): Janeiro - Abril; 19-35
1980-4865
reponame:Internext
instname:Escola Superior de Propaganda e Marketing (ESPM)
instacron:ESPM
instname_str Escola Superior de Propaganda e Marketing (ESPM)
instacron_str ESPM
institution ESPM
reponame_str Internext
collection Internext
repository.name.fl_str_mv Internext - Escola Superior de Propaganda e Marketing (ESPM)
repository.mail.fl_str_mv internext@espm.br
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