Homogeneity Versus heterogeneity in debt structure: a study using panel data
DOI:
https://doi.org/10.1590/S1519-70772014000100003Abstract
This article argues that new contributions to the study of capital structure can be obtained from the study of corporate debt structure. More specifically, it addresses the issue of homogeneity and heterogeneity in debt structure, including its relevance and determinants, and incorporates a theoretical discussion. Because of the novelty of this topic in Brazil, a study was conducted that analyzed the debt structure of 113 companies over a period of 5 years. The results show that homogeneous and heterogeneous debt patterns are present in the debt structures of companies operating in Brazil and are associated with variables such as company size, market to book value, and the presence of rating grades.Downloads
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