Term Structure Of Public Debt
Mostrando 1-8 de 8 artigos, teses e dissertações.
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1. The world financial crisis and the international financing of Brazilian companies
The world financial crisis initiated in 2008 may have affected the international financing mix of firms in Brazil and their determinants, given its aftereffects. Financial crisis are recurrent events with varying degrees of severity. Many public Brazilian firms use international financing in their capital structure mix and it is relevant to understand their
BAR, Braz. Adm. Rev.. Publicado em: 25/09/2012
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2. Determinantes da Composição do Endividamento das Empresas Brasileiras: a consideração da maturidade e da fonte de financiamento
In corporate finance field, there is a vast literature about the capital structure determinants. However, studies have focused on the differences between equity and debt, while the literature about debt structure (maturity and source) is relatively scarce. As such, this study aims to promote empirical research about characteristics that influence debt maturi
Publicado em: 2009
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3. Dívida pública brasileira 1995-2005: alongamento e perfil de indexação
ABSTRAT The purpose of this study is to present and discuss the main impacts the indexation profile and the term-structure of the public debt may inflict on the debts trajectory. The main result of the study suggests that there may exist a vicious circle stemming from the relationship between the rise of the short-term interest rate of the Brazilian economy
Publicado em: 2007
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4. Determinantes da composição do endividamento de longo prazo das empresas brasileiras listadas na Bolsa de Valores de São Paulo: uma abordagem empírica / Determinants of the long term indebtedness composition of the Brazilian companies listed at São Paulo stock exchange: an empiral study
A subject extensively studied in the Corporate Finance theme, the capital structure researches continue to motivate annalists around the world. On the other hand, the majority of the existent papers discuss the company?s choice between own capital and third parties resources used to finance its operations. As we understand that such decision also involves th
Publicado em: 2007
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5. Welfare costs of taxation under sovereign default risk / Custos de bem-estar dos impostos sob risco de default soberano
This dissertation presents a general equilibrium model, with contingent service of sovereign debt, constructed to analyze the impacts of taxes on welfare. In this model, variations on the tax structure (originated from reforms) impact welfare directly, in the form of allocative distortions, and also through their indirect effects on the probability of defaul
Publicado em: 2007
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6. Fiscal Sustainability in Transport Infrastructure Investments: Elements to make an admeasurement Conceptual Model / Sustentabilidade fiscal de projetos de investimentos em infra-estrutura de tranportes : elementos para a construção de um modelo conceitual de aferição
Researches about Brazilian economy behavior related to transportation infrastructure investments concluded that there is a strong relationship among these investments and Gross Domestic ProductGDP, factors of production productivity and regional development. The development and competitiveness seeking can not be restricted by companies rules; they depend on
Publicado em: 2007
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7. The public debt market : a proposal to induct the term structure of interest rate formation / O mercado de divida publica : uma proposta para induzir a formação da estrutura a termo da taxa de juros
This research discusses the formation of the term structure of the interest rate and the process of improvement of the Brazilian public debt profile. Considering the current anomalous situation of the public debt market, the study intends to contribute with the debate that deals with the creation of a final demand of investors for fixed income bonds and the
Publicado em: 2006
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8. Associação de um modelo teórico de curva de juros ao apreçamento de títulos públicos externos.
This paper consisted in testing the adherence of theoretical term structure of interest rates, built by an multi-factorial equilibrium model showed in Almeida et al. to the market prices bonds term structure of interest rates for brazilian public external bonds. The test used 14 bonds of external public debt called Global bonds. The results were satisfactory
Publicado em: 2005