Modelos de investimento : motodologia e resultados
By: CASAGRANDE, Elton Eustaquio.
Material type: ArticlePublisher: São Paulo : Editora 34, jan./mar.2002Revista de Economia Política = Brazilian Journal of Political Economy 22, 1, p. 98-108Abstract: This papers provides an overview of the empirical studies on corporate financing patterns and firms investment behavior. In a frictionless world the Modigliani-Miller theorem holds as well as the neoclassical investment theory. However, in presence of imperfections resulting from information asymmetries internal finance is often less costly than external finance. The goal in this article is to show how empirical studies have examined the role of financial constraints and firms investment behaviorThis papers provides an overview of the empirical studies on corporate financing patterns and firms investment behavior. In a frictionless world the Modigliani-Miller theorem holds as well as the neoclassical investment theory. However, in presence of imperfections resulting from information asymmetries internal finance is often less costly than external finance. The goal in this article is to show how empirical studies have examined the role of financial constraints and firms investment behavior
v. 22, n. 1(85)
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