Características e determinantes da primeira emissão de debêntures
Debt financing decisions have impact in capital structure by altering the leverage, ownership structure and maturity of debt. Most popular theories about composition of debt predicts negative reaction of stocks when a firm issue public bonds. My results does not support that effect at least directly...
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| Format: | master thesis |
| Status: | Published version |
| Publication Date: | 2008 |
| Country: | Brasil |
| Institution: | Fundação Getulio Vargas (FGV) |
| Repository: | Repositório Institucional do FGV (FGV Repositório Digital) |
| Language: | Portuguese |
| OAI Identifier: | oai:repositorio.fgv.br:10438/13876 |
| Online Access: | https://hdl.handle.net/10438/13876 |
| Access Level: | Open access |
| Keyword: | Bonds Corporate debt Public offering Capital market Debêntures Dívida corporativa Oferta pública Mercado de capitais Economia Mercado de opções |
| Summary: | Debt financing decisions have impact in capital structure by altering the leverage, ownership structure and maturity of debt. Most popular theories about composition of debt predicts negative reaction of stocks when a firm issue public bonds. My results does not support that effect at least directly. However, the determinants of the issue are consistent with the predictions, with some particularities about Brazilian economy. |
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