Factors that influence in the capital structure of firms wich belong to the São Paulo Stock Exchange

Pâmela Amado Tristão, Vanessa Rabelo Dutra

Abstract


http://dx.doi.org/10.5902/198346596279

The aim of this work is to study the influence of variables size, profitability, growth and tangibility in the capital structure of firms which belong to the São Paulo Stock Exchange (BOVESPA) in 2010. Concerning this, it was developed a descriptive and quantitative study. It was made a multiple regression using the size, profitability, growth and tangibility as independent variables and the level of indebtedness as dependent variable, based on the data from the firms’ financial demonstrative. It has been concluded that the independent variables show a significant influence in the level of indebtedness when analyzed together. Though, when analyzed separately the only one which has shown a considerable influence is the tangibility. The other variables size, profitability and growth did not show any sign of influence in the regression models. The results obtained corroborate for future studies analyzing different variables in the capital structure.




DOI: https://doi.org/10.5902/198346596279




Licença Creative Commons
Este obra está licenciado com uma Licença Creative Commons Atribuição-NãoComercial-CompartilhaIgual 4.0 Internacional.

  

   

       

 

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Revista de Administração da UFSM. Brazilian Journal of Management

Universidade Federal de Santa Maria, Santa Maria, Rio Grande do Sul, Brasil, eISSN 1983-4659