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Information Asymmetry and Capital Structure Decisions

Information Asymmetry and Capital Structure Decisions

Paperback

General Law

ISBN10: 6209846513
ISBN13: 9786209846519
Publisher: Our Knowledge Publishing
Published: Apr 15 2026
Pages: 56
Weight: 0.19
Height: 0.13 Width: 6.00 Depth: 9.00
Language: English
This book seeks to analyse the relationship between information asymmetry and corporate investment decisions, specifically firms' debt levels. The research is descriptive and exploratory. Panel data is used to combine cross-sectional and time-series analysis. The sampling procedure is convenience-based, selecting all firms that had sufficient data for the study in the Economática database and were listed on the BM&FBOVESPA. The sample comprises 81 firms with quarterly observations for the time series, except for beta, which has annual observations, covering the period from 2008 to 2013. The results suggest that there is a relationship between information asymmetry and corporate capital structure decisions, with firms that have higher levels of transparency also having lower levels of indebtedness.

Also from

Brocchi, Raphael

Also in

General Law