Uma análise do endividamento de hospitais filantrópicos brasileiros de 2006 a 2012 por meio da análise de dados em painel dinâmico
The financial literature presents that the capital structure influences the risk and the market value of a company. The definition of this structure can be decomposed in cost of debts and cost of equity. This study aimed at analyzing empirically the existence of the relevance (or irrelevance) of cap...
| Autores: | , , , , , |
|---|---|
| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2016 |
| País: | Brasil |
| Institución: | Universidade Federal de Minas Gerais (UFMG) |
| Repositorio: | Repositório Institucional da UFMG |
| Idioma: | portugués |
| OAI Identifier: | oai:repositorio.ufmg.br:1843/44081 |
| Acceso en línea: | http://hdl.handle.net/1843/44081 |
| Access Level: | acceso abierto |
| Palabra clave: | Estrutura de capital Hospitais filantrópicos Painel dinâmico Hospitais - Administração |
| Sumario: | The financial literature presents that the capital structure influences the risk and the market value of a company. The definition of this structure can be decomposed in cost of debts and cost of equity. This study aimed at analyzing empirically the existence of the relevance (or irrelevance) of capital structure on voluntary hospitals (focusing on their debt). It was analyzed financial statements of 15 hospitals between 2006 and 2012. The methodology applied in analysis was the panel data. The results enhanced the hypothesis of the relevance of capital structure for voluntary hospitals. It was verified the significance of the following variables in explaining the cost of debt: debt of previous period, growth, profitability and tangibility |
|---|