Há Influência da Tangibilidade na Velocidade de Ajuste da Estrutura de Capital

@inproceedings{AlmeidadaSilva2017HID,
  title={H{\'a} Influ{\^e}ncia da Tangibilidade na Velocidade de Ajuste da Estrutura de Capital},
  author={Jos{\'e} Milton Almeida-da-Silva and Wilson Toshiro Nakamura and Elaine Vieira Nakamura},
  year={2017}
}
This study investigates the influence of the degree of tangibility on the velocity of adjustment towards the target debt, based on dynamic trade off theory. In view of the lack of consensus among researchers, with previous studies showing a diverse range of findings, the topic is a relevant one. We apply the partial adjustment model with Arellano-Bond and Blundell-Bond estimators to dynamic panel data in order to determine the rate of adjustment of the indebtedness of non-financial companies of… CONTINUE READING