Data/hora: 05/06/2024 10:49:37

Provedor de dados: 	31	
País: 	United States	
Título: 	Análise dos determinantes do endividamento das empresas de capital aberto do agronegócio brasileiro

Analysis of the determinants of borrowing by public companies of Brazilian agribusiness	
Autores: 	Bressan,   Valéria Gama Fully; Lima,   Joao Eustaquio de; Bressan,   Aureliano Angel; Braga,   Marcelo Jose.	
Data: 	2009-03-30	
Ano: 	2009	
Palavras-chave: 	Debt; Capital structure; Agribusiness; Pecking Order Theory.; Agribusiness; Environmental Economics and Policy; Q14; G32.	
Resumo: 	Studies involving capital structure and the identification of its determinants are relevant issues in the field of corporate finance management research. In this regard, the present study intends to evaluate the determinants of corporate leverage in the Brazilian agribusiness sector using the model of Rajan and Zingales (1995). In the definition of the sample there were selected 26 companies that are classified in one of three subdivisions of the Brazilian agribusiness sector: a) the agriculture or cattle raising; b) inputs or production factors and c) processing and distribution sector, using as reference the CNA classification. The study used data from the Economatica® database, with the adoption of panel data methods. The results indicated that the variables tangibility of assets, growth opportunities, size and profitability were statiscally significant as determinant factors of the debt structure of Brazilian agribusiness companies. It is also possible to conclude that the model estimated by panel data generated results that are compatible with those suggested by the pecking order theory.	
Tipo: 	Journal Article	
Idioma: 	Português	
Identificador: 	http://purl.umn.edu/60816	
Relação: 	Brazilian Journal of Rural Economy and Sociology (RESR)&gt;Volume 47, Number 1, March 2009

Volume 47

number 01	
Formato: 	34