Título Inglês:
Is there a difference in credit constraints between private and listed companies in Brazil? empirical evidence by the Cash Flow Sensitivity Approach
Resumo:
Este artigo analisa a restrição de crédito pela abordagem do cash flow sensitivity (relação entre fluxo de caixa e investimento) para empresas de capital fechado e de capital aberto de 2007 a 2010. De acordo com essa abordagem, os resultados econométricos mostram que a restrição ao crédito é a mesma para empresas de capital aberto e de capital fechado. O presente trabalho procura contribuir para a literatura uma vez que os autores não encontraram estudos de cash flow sensitivity para empresas de capital fechado no Brasil.
Resumo Inglês:
This article analyzes the credit constraints, using the cash flow sensitivity approach, of private and listed companies between 2007 and 2010. According to this approach, the econometric results show that the credit constraints are the same for either private or listed companies. This paper seeks to contribute to the literature because the study of credit constraints of private companies based on cash flow sensitivity in Brazil has been rare.
Citação ABNT:
GHANI, A. N. A.; MARTELANC, R.; KAYO, E. K. Há diferença de restrição de crédito para empresas de capital aberto e fechado no Brasil? evidência empírica pela abordagem do Cash Flow Sensitivity . Revista Contabilidade & Finanças, v. 26, n. 67, p. 85-92, 2015.
Citação APA:
Ghani, A. N. A., Martelanc, R., & Kayo, E. K. (2015). Há diferença de restrição de crédito para empresas de capital aberto e fechado no Brasil? evidência empírica pela abordagem do Cash Flow Sensitivity . Revista Contabilidade & Finanças, 26(67), 85-92.
DOI:
10.1590/1808-057x201400260
Link Permanente:
https://www.spell.org.br/documentos/ver/35091/ha-diferenca-de-restricao-de-credito-para-empresas-de-capital-aberto-e-fechado-no-brasil--evidencia-empirica-pela-abordagem-do-cash-flow-sensitivity-/i/pt-br
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