54992

Rossimar Laura Oliveira
Eduardo Kazuo Kayo

Revista Brasileira de Finanças

Este artigo utiliza as alterações de IPI realizadas pelo governo brasileiro como choques exógenos com o objetivo de testar a relação entre alavancagem da firma e do setor. Foram utilizados dados de empresas brasileiras entre 2007-2015. O modelo econométrico utilizado foi o diff-in-diff-in-diff. Os resultados mostram uma relação positiva entre a alavancagem média do setor e da firma, relação esta que se mantém para o grupo de tratamento após a inclusão do choque exógeno de redução do IPI no modelo. Estes resultados se alinham com trabalhos que colocam o setor no centro dos aspectos influenciadores da estrutura de capital da firma.

Choques exógenos, Estrutura de Capital, Setor

OLIVEIRA, R. L.; KAYO, E. K. O Setor como Determinante da Estrutura de Capital: Evidências Após as Alterações das Alíquotas do IPI no Brasil . Revista Brasileira de Finanças, v. 17, n. 1, p. 1-18, 2019.

Oliveira, R. L., & Kayo, E. K. (2019). O Setor como Determinante da Estrutura de Capital: Evidências Após as Alterações das Alíquotas do IPI no Brasil . Revista Brasileira de Finanças, 17(1), 1-18.

http://dx.doi.org/10.12660/rbfin.v17n1.2019.77643

https://www.spell.org.br/documentos/ver/54992/o-setor-como-determinante-da-estrutura-de-capital--evidencias-apos-as-alteracoes-das-aliquotas-do-ipi-no-brasil-/i/pt-br

Artigo

Português

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