PESQUISAS INTERNACIONAIS RECENTES EM ESTRUTURA DE CAPITAL
DOI:
https://doi.org/10.18227/2237-8057rarr.v1i1.2614Palavras-chave:
, Estrutura de Capital, Endividamento, Revistas Acadêmicas InternacionaisResumo
A estrutura de capital ainda é um dos temas controversos em finanças corporativas e ainda propicia muitas pesquisas tanto nas teorias já amplamente discutidas como também nos diversos inter-relacionamentos com outros aspectos corporativos. O objetivo deste artigo foi de fazer uma revisão das publicações recentes que envolvam estudos sobre a estrutura de capital das empresas. A pesquisa foi focada nos últimos 3 anos, de 2011 a 2013, e nas revistas acadêmicas internacionais na área de finanças que apresentam os maiores fatores de impacto, a saber: The Review of Financial Studies, The Journal of Finance, Journal of Financial Economics e Journal of Banking & Finance. Apesar de amplamente discutidas, as diferenças entre as principais teorias sobre a estrutura de capital, a teoria do trade-off e a teoria do pecking order, ainda são pesquisadas – entretanto, talvez por ser mais recente, a teoria do equity market timing é o que mais tem sido analisado nos últimos três anos. Além desses tópicos, os pesquisadores têm tratado de muitos aspectos das variáveis corporativas que direta ou indiretamente estão associados com as decisões de estrutura de capital. Este trabalho apresenta um sumário sucinto das diversas publicações permitindo uma visão geral das pesquisas.Referências
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