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  • 标题:Análise dos fatores determinantes da estrutura de capital das empresas do setor de construção civil: Uma abordagem durante e após a crise imobiliária
  • 本地全文:下载
  • 作者:Ana Paula Braga da Silva ; José Roberto de Souza Francisco
  • 期刊名称:Enfoque: Reflexão Contábil
  • 印刷版ISSN:1984-882X
  • 出版年度:2016
  • 卷号:35
  • 期号:1
  • 页码:17-34
  • 语种:Portuguese
  • 出版社:Universidade Estadual de Maringá
  • 摘要:Field studies in the area of corporate finance this increasingly widespread, requiring a highly qualified companies like item to continue operating in the market. In this sense, this study aims to verify possible determinants of capital structure of Brazilian public companies, the construction industry, a comparative analysis between the period of the global financial crisis of 2008 (2007 to 2010) and subsequent to the crisis (2011-2013) period. The evaluation is done by econometric and method of multiple linear regression, which includes a database of 18 companies in the sector listed on the BM&FBOVESPA.The results show that the crisis impacted the management of the capital structure of companies in the sector, having in that moment of crisis all covariates were significant, in which only the operating profit and size, were statistically significant. In the post-crisis period, only the profitability and risk were statistically significant coefficients with the same sense of relationship envisaged.
  • 关键词:Estrutura de Capital. Endividamento. Crise Financeira Mundial. Setor de Construção Civil.
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