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O impacto da nova lei de falência na estrutura de capital das empresas brasileiras
| Content Provider | Semantic Scholar |
|---|---|
| Author | Funchal, Bruno Clóvis, Mateus |
| Copyright Year | 2008 |
| Abstract | The present paper studies the effect of the New Brazilian Bankruptcy Law on firms’ capital structure after three years when the law went in force. Using firms’ balance sheet micro data and fixed effects panel model, our results are in line with theories that predict effects at the capital structure due to changes at creditors expectative (a reduction of moral-hazard cost). We find evidences of an increase in the debt (total, short-term and long-term) portion in the capital |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.anpec.org.br/encontro2008/artigos/200807191752040-.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |