Banca de DEFESA: Luiz Guilherme de Oliveira Hass

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : Luiz Guilherme de Oliveira Hass
DATE: 06/12/2023
TIME: 17:00
LOCAL: A DEFESA SERÁ REALIZADA POR VIDEOCONFERÊNCIA
TITLE:

Testing the Pecking Order Theory for brazilian publicly listed companies

KEY WORDS:

inancial Economics; Capital Structure; Leverage

PAGES: 51
BIG AREA: Ciências Sociais Aplicadas
AREA: Economia
SUMMARY:

An important area of finance literature deals with the capital structure of companies. One of the main theories in this line of research is the Pecking Order Theory. It establishes a hierarchy of preference for companies among the possible sources of funding for their activities. According to the theory, companies prefer to finance themselves with their own resources, followed by issuing debt and, lastly, by issuing shares. The aim of this paper is to empirically analyze the Pecking Order Theory for brazilian publicly traded companies listed on B3, the main brazilian stock exchange, between 1995 and 2022. The theory was analyzed for different company sizes and different characteristics, such as participation in B3's Novo Mercado, listing of ADRs and state participation as the main shareholder.

COMMITTEE MEMBERS:
Interno - 1642911 - DANIEL OLIVEIRA CAJUEIRO
Interno - 1550794 - JOSE GUILHERME DE LARA RESENDE
Externo à Instituição - JOSÉ LUIZ ROSSI JÚNIOR - BID
Interno - 3157948 - ROGERIO MAZALI