Detalhes bibliográficos
| Ano de defesa: |
2017 |
| Autor(a) principal: |
Lima, Maria Augusta Bretas
 |
| Orientador(a): |
Mazali, Rog??rio
|
| Banca de defesa: |
Não Informado pela instituição |
| Tipo de documento: |
Dissertação
|
| Tipo de acesso: |
Acesso aberto |
| Idioma: |
por |
| Instituição de defesa: |
Universidade Cat??lica de Bras??lia
|
| Programa de Pós-Graduação: |
Programa Strictu Sensu em Economia de Empresas
|
| Departamento: |
Escola de Gest??o e Neg??cios
|
| País: |
Brasil
|
| Palavras-chave em Português: |
|
| Área do conhecimento CNPq: |
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| Resumo em Inglês: |
This article investigates Brazilian telecommunication companies??? capital structure and stock returns compared to companies from other regulated sectors and compared to companies from non-regulated sectors using panel data from a sample of 438 Brazilian companies, from 124 different sectors, negotiated in Brazilian stock exchange, between 1987 a 2015. Models were built for capital structure, revenues and returns using dummy variables for comparisons. Dummies indicate telecommunications companies??? debts are higher in the short run and companies selling fixed lines debts are higher compared to all companies in every scenario tested. Revenues regressions results indicate non-regulated companies had higher profits. Investment results suggest telecommunication companies invested more in short run projects and less in long run projects compared to non-regulated companies. |
| Link de acesso: |
https://bdtd.ucb.br:8443/jspui/handle/tede/2319
|
Resumo: |
This article investigates Brazilian telecommunication companies??? capital structure and stock returns compared to companies from other regulated sectors and compared to companies from non-regulated sectors using panel data from a sample of 438 Brazilian companies, from 124 different sectors, negotiated in Brazilian stock exchange, between 1987 a 2015. Models were built for capital structure, revenues and returns using dummy variables for comparisons. Dummies indicate telecommunications companies??? debts are higher in the short run and companies selling fixed lines debts are higher compared to all companies in every scenario tested. Revenues regressions results indicate non-regulated companies had higher profits. Investment results suggest telecommunication companies invested more in short run projects and less in long run projects compared to non-regulated companies. |
