The determinants of capital structure in Latin America: new evidence using firm and country variables

Detalhes bibliográficos
Autor(a) principal: Coelho, Matheus da Silva
Data de Publicação: 2019
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/73201
Resumo: The literature on capital structure determinants is extensive, so contributing to the field with both new variables that authors generally haven’t thought about to a geography that is not known as much as the United States and Europe seemed a good idea. The region has many specificities, especially at the institutional and macroeconomy level. Results show that the coefficients signs of Profitability and Tangibility are the same as the rest of the world, but we a higher magnitude. An ambiguity before, inflation indeed negatively affects leverage. Also, the more developed the financial environment, the higher the leverage.
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spelling The determinants of capital structure in Latin America: new evidence using firm and country variablesCapital structureLeverageCountry factorsLatin AmericaDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe literature on capital structure determinants is extensive, so contributing to the field with both new variables that authors generally haven’t thought about to a geography that is not known as much as the United States and Europe seemed a good idea. The region has many specificities, especially at the institutional and macroeconomy level. Results show that the coefficients signs of Profitability and Tangibility are the same as the rest of the world, but we a higher magnitude. An ambiguity before, inflation indeed negatively affects leverage. Also, the more developed the financial environment, the higher the leverage.Demirci, IremFernandes, MarceloRUNCoelho, Matheus da Silva2019-06-21T09:45:43Z2019-01-252019-01-25T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/73201TID:202226115enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:33:55Zoai:run.unl.pt:10362/73201Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:35:18.203009Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The determinants of capital structure in Latin America: new evidence using firm and country variables
title The determinants of capital structure in Latin America: new evidence using firm and country variables
spellingShingle The determinants of capital structure in Latin America: new evidence using firm and country variables
Coelho, Matheus da Silva
Capital structure
Leverage
Country factors
Latin America
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The determinants of capital structure in Latin America: new evidence using firm and country variables
title_full The determinants of capital structure in Latin America: new evidence using firm and country variables
title_fullStr The determinants of capital structure in Latin America: new evidence using firm and country variables
title_full_unstemmed The determinants of capital structure in Latin America: new evidence using firm and country variables
title_sort The determinants of capital structure in Latin America: new evidence using firm and country variables
author Coelho, Matheus da Silva
author_facet Coelho, Matheus da Silva
author_role author
dc.contributor.none.fl_str_mv Demirci, Irem
Fernandes, Marcelo
RUN
dc.contributor.author.fl_str_mv Coelho, Matheus da Silva
dc.subject.por.fl_str_mv Capital structure
Leverage
Country factors
Latin America
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Capital structure
Leverage
Country factors
Latin America
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The literature on capital structure determinants is extensive, so contributing to the field with both new variables that authors generally haven’t thought about to a geography that is not known as much as the United States and Europe seemed a good idea. The region has many specificities, especially at the institutional and macroeconomy level. Results show that the coefficients signs of Profitability and Tangibility are the same as the rest of the world, but we a higher magnitude. An ambiguity before, inflation indeed negatively affects leverage. Also, the more developed the financial environment, the higher the leverage.
publishDate 2019
dc.date.none.fl_str_mv 2019-06-21T09:45:43Z
2019-01-25
2019-01-25T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/73201
TID:202226115
url http://hdl.handle.net/10362/73201
identifier_str_mv TID:202226115
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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