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

Authors

  • Pâmela Amado Tristão Universidade Federal do Pampa- UNIPAMPA- Campus Sant'Ana do Livramento
  • Vanessa Rabelo Dutra Universidade Federal do Pampa- UNIPAMPA

DOI:

https://doi.org/10.5902/198346596279

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.

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Author Biographies

Pâmela Amado Tristão, Universidade Federal do Pampa- UNIPAMPA- Campus Sant'Ana do Livramento

Administradora. Graduada pela Universidade Federal do Pampa- UNIPAMPA- Campus Sant'Ana do Livramento

Vanessa Rabelo Dutra, Universidade Federal do Pampa- UNIPAMPA

Docente do Curso de administração da Universidade Federal do Pampa.

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Published

2012-08-23

How to Cite

Amado Tristão, P., & Rabelo Dutra, V. (2012). Factors that influence in the capital structure of firms wich belong to the São Paulo Stock Exchange. Revista De Administração Da UFSM, 5(2), 309–320. https://doi.org/10.5902/198346596279

Issue

Vol. 5 No. 2 (2012): Mai-Ago

Section

Articles

License

Authors of articles published by ReA/UFSM retain the copyright of their works, licensing them under the Creative Commons (CC-BY 4.0), which allows articles to be reused and distributed without restriction, provided that the original work is properly cited.