Homogeneity Versus heterogeneity in debt structure: a study using panel data

Detalhes bibliográficos
Autor(a) principal: Póvoa, Angela Cristiane Santos
Data de Publicação: 2014
Outros Autores: Nakamura, Wilson Toshiro
Tipo de documento: Artigo
Idioma: por
eng
Título da fonte: Revista Contabilidade & Finanças (Online)
DOI: 10.1590/S1519-70772014000100003
Texto Completo: https://www.revistas.usp.br/rcf/article/view/80747
Resumo: This article argues that new contributions to the study of capital structure can be obtained from the study of corporate debt structure. More specifically, it addresses the issue of homogeneity and heterogeneity in debt structure, including its relevance and determinants, and incorporates a theoretical discussion. Because of the novelty of this topic in Brazil, a study was conducted that analyzed the debt structure of 113 companies over a period of 5 years. The results show that homogeneous and heterogeneous debt patterns are present in the debt structures of companies operating in Brazil and are associated with variables such as company size, market to book value, and the presence of rating grades.
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spelling Homogeneity Versus heterogeneity in debt structure: a study using panel data Homogeneidade Versus heterogeneidade da estrutura de dívida: um estudo com dados em painel This article argues that new contributions to the study of capital structure can be obtained from the study of corporate debt structure. More specifically, it addresses the issue of homogeneity and heterogeneity in debt structure, including its relevance and determinants, and incorporates a theoretical discussion. Because of the novelty of this topic in Brazil, a study was conducted that analyzed the debt structure of 113 companies over a period of 5 years. The results show that homogeneous and heterogeneous debt patterns are present in the debt structures of companies operating in Brazil and are associated with variables such as company size, market to book value, and the presence of rating grades. Este artigo defende que novas contribuições para o estudo da estrutura de capital podem ser obtidas a partir do estudo da estrutura de dívida das empresas. Mais especificamente, trata a questão da homogeneidade e da heterogeneidade da estrutura de dívida, apontando sua relevância, seus determinantes e também a discussão teórica em torno desse tema. Em razão de seu ineditismo no Brasil, foi conduzida uma pesquisa que analisou a estrutura de dívida de 113 empresas num período de 5 anos. Os resultados identificaram que os padrões de endividamento homogêneos ou heterogêneos estão presentes na estrutura de dívida das empresas que atuam no Brasil e estão associados a variáveis como o tamanho da empresa, market to book value e a presença de graus de rating. Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária2014-04-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://www.revistas.usp.br/rcf/article/view/8074710.1590/S1519-70772014000100003Revista Contabilidade & Finanças; v. 25 n. 64 (2014); 19-32Revista Contabilidade & Finanças; Vol. 25 No. 64 (2014); 19-32Revista Contabilidade & Finanças; Vol. 25 Núm. 64 (2014); 19-321808-057X1519-7077reponame:Revista Contabilidade & Finanças (Online)instname:Universidade de São Paulo (USP)instacron:USPporenghttps://www.revistas.usp.br/rcf/article/view/80747/84395https://www.revistas.usp.br/rcf/article/view/80747/84396Copyright (c) 2018 Revista Contabilidade & Finançasinfo:eu-repo/semantics/openAccessPóvoa, Angela Cristiane SantosNakamura, Wilson Toshiro2014-05-14T14:16:55Zoai:revistas.usp.br:article/80747Revistahttp://www.revistas.usp.br/rcf/indexPUBhttps://old.scielo.br/oai/scielo-oai.phprecont@usp.br||recont@usp.br1808-057X1519-7077opendoar:2014-05-14T14:16:55Revista Contabilidade & Finanças (Online) - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Homogeneity Versus heterogeneity in debt structure: a study using panel data
Homogeneidade Versus heterogeneidade da estrutura de dívida: um estudo com dados em painel
title Homogeneity Versus heterogeneity in debt structure: a study using panel data
spellingShingle Homogeneity Versus heterogeneity in debt structure: a study using panel data
Homogeneity Versus heterogeneity in debt structure: a study using panel data
Póvoa, Angela Cristiane Santos
Póvoa, Angela Cristiane Santos
title_short Homogeneity Versus heterogeneity in debt structure: a study using panel data
title_full Homogeneity Versus heterogeneity in debt structure: a study using panel data
title_fullStr Homogeneity Versus heterogeneity in debt structure: a study using panel data
Homogeneity Versus heterogeneity in debt structure: a study using panel data
title_full_unstemmed Homogeneity Versus heterogeneity in debt structure: a study using panel data
Homogeneity Versus heterogeneity in debt structure: a study using panel data
title_sort Homogeneity Versus heterogeneity in debt structure: a study using panel data
author Póvoa, Angela Cristiane Santos
author_facet Póvoa, Angela Cristiane Santos
Póvoa, Angela Cristiane Santos
Nakamura, Wilson Toshiro
Nakamura, Wilson Toshiro
author_role author
author2 Nakamura, Wilson Toshiro
author2_role author
dc.contributor.author.fl_str_mv Póvoa, Angela Cristiane Santos
Nakamura, Wilson Toshiro
description This article argues that new contributions to the study of capital structure can be obtained from the study of corporate debt structure. More specifically, it addresses the issue of homogeneity and heterogeneity in debt structure, including its relevance and determinants, and incorporates a theoretical discussion. Because of the novelty of this topic in Brazil, a study was conducted that analyzed the debt structure of 113 companies over a period of 5 years. The results show that homogeneous and heterogeneous debt patterns are present in the debt structures of companies operating in Brazil and are associated with variables such as company size, market to book value, and the presence of rating grades.
publishDate 2014
dc.date.none.fl_str_mv 2014-04-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://www.revistas.usp.br/rcf/article/view/80747
10.1590/S1519-70772014000100003
url https://www.revistas.usp.br/rcf/article/view/80747
identifier_str_mv 10.1590/S1519-70772014000100003
dc.language.iso.fl_str_mv por
eng
language por
eng
dc.relation.none.fl_str_mv https://www.revistas.usp.br/rcf/article/view/80747/84395
https://www.revistas.usp.br/rcf/article/view/80747/84396
dc.rights.driver.fl_str_mv Copyright (c) 2018 Revista Contabilidade & Finanças
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2018 Revista Contabilidade & Finanças
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária
publisher.none.fl_str_mv Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária
dc.source.none.fl_str_mv Revista Contabilidade & Finanças; v. 25 n. 64 (2014); 19-32
Revista Contabilidade & Finanças; Vol. 25 No. 64 (2014); 19-32
Revista Contabilidade & Finanças; Vol. 25 Núm. 64 (2014); 19-32
1808-057X
1519-7077
reponame:Revista Contabilidade & Finanças (Online)
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Revista Contabilidade & Finanças (Online)
collection Revista Contabilidade & Finanças (Online)
repository.name.fl_str_mv Revista Contabilidade & Finanças (Online) - Universidade de São Paulo (USP)
repository.mail.fl_str_mv recont@usp.br||recont@usp.br
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dc.identifier.doi.none.fl_str_mv 10.1590/S1519-70772014000100003

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